Indonesia PMI rises in August

Posted by On 8:51 PM

Indonesia PMI rises in August

TOKYO -- Growth in Indonesia’s manufacturing sector picked up in August thanks to strong demand, according to a survey.

The Nikkei Indonesia Manufacturing Purchasing Managers’ Index, or PMI, rose from 50.5 in July to 51.9 in August, remaining above the 50-point line separating expansion from contraction.

The growth in total new orders was the fastest since July 2014, encouraging companies to raise their staffing levels for the third straight month.

Challenges remain. Export orders fell for the ninth straight month, indicating weak demand from overseas markets. The Indonesian rupiah’s decline against the U.S. dollar has put pressure on input costs, which rose at the fastest pace since October 2015.

“On the bright side, stronger demand conditions enabled firms to raise output charges to help alleviate pressures on margins,” said Aashna Dodhia, Economist at IHS Markit, which compiles the sur vey.

(Nikkei)

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See Also

  • South Korea PMI indicates deterioration in August
  • Philippines PMI growth regains pace in August
  • Myanmar PMI falls to series low in August
  • Taiwan manufacturing sector grows at slowest pace in 22 months
Source: Google News Indonesia | Netizen 24 Indonesia

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