Plus   Neg

Indonesia Manufacturing PMI Climbs To 28.6 In May - IHS Markit

The manufacturing sector in Indonesia continued to contract in May, albeit at a lightly slower pace, the latest survey from IHS Markit showed on Tuesday with a manufacturing PMI score of 28.6.

That's up from the record low of 27.5 in April, but it remains substantially beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output and new orders both continued to fall sharply due to Covid-19 measures, while there was a record fall in employment amid evidence of layoffs.

Input costs rose further due to material shortages and a weaker rupiah.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT