The Indonesian manufacturing sector expanded at a modest rate in July, helped by a faster rise in new orders, data from a survey by Markit Economics showed Wednesday.
The seasonally adjusted purchasing managers' index (PMI) for the manufacturing sector rose to an eight-month high of 51.4 in July from 50.2 in June. A PMI reading above 50 indicates expansion in the sector, while one below suggests decline.
New orders received by manufacturers increased at the fastest pace since October last year, marking the second consecutive expansion.
Manufacturing firms increased their workforces for the second successive month in July, though at a marginal rate.
Input prices continued to rise strongly in July, although the rate of inflation eased slightly since June. Output costs also gained further during the month, albeit at the weakest pace since December 2011.
For comments and feedback: editorial@rttnews.com