Indonesia posts record manufacturing PMI for 2nd month in row

Indonesia posts record manufacturing PMI for 2nd month in row

Factory activity hit another record high in April, with Indonesian businesses benefiting from easing supply chain disruptions and an uptick in global trade. The Indonesia manufacturing Purchasing Managers’ Index (PMI), which gauges factory activity based on a monthly survey of 400 local manufacturers, increased to 54.6 in April from 53.2 in March, information provider IHS Markit said in a press release on Monday. A PMI above 50 indicates expansion, while a PMI below 50 indicates contraction. The latest reading marked sustained expansion over the past six months and a new high for the second consecutive month since the...
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