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Financial News: Indonesia Manufacturing PMI Accelerates In May

Indonesia Manufacturing PMI Accelerates In May

06/03/2018 - 20:50:00 (RTTNews)

(RTTNews) - The manufacturing sector in Indonesia picked up steam in May, the latest survey from Nikkei showed on Monday with a 23-month high manufacturing PMI score of 51.7.

That's up from 51.6 in April, and it moves farther above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, the index saw the strongest rise in new orders since July 2014.

There were solid increases in production and buying activity, while inflationary pressures intensified.

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