Indonesia Manufacturing PMI Improves In May - S&P Global
(RTTNews) - The manufacturing sector in Indonesia continued to contract in May, albeit at a slower pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 47.4.
That's up from 46.7 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.
Latest survey data revealed a stronger contraction in new order intakes in May. The fall was the second in as many months and the most pronounced since August 2021. Firms often attributed the reduction to muted market demand and fewer requests for goods. International demand also reduced further, albeit at a softer pace, as manufacturers signaled particular falls in exports to the US.
The weakness in new order inflows contributed to a sustained decline in production levels during May. Output fell for the second successive month and at a solid, albeit softer pace than that seen a month prior.
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