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Economy

Indonesia's manufacturing PMI rebounds to expansion in August

TOKYO -- The Nikkei Indonesia Manufacturing Purchasing Managers' Index, or PMI, rebounded to growth for the first time in three months in August, indicating improved operating conditions in Indonesia's manufacturing economy.

The composite indicator of manufacturing performance stood at 50.7 in August, up from 48.6 in July.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

"Business conditions in Indonesia improved mid-way through the third quarter as companies benefited from stronger demand for their goods from domestic and externally-based clients," said Pollyanna De Lima, economist at IHS Markit, which compiles the survey.

"The rebound from July's downturn lifted spirits among firms, who are more cheerful about the year-ahead outlook than they were in the prior survey period," De Lima said.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

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