The manufacturing sector in Indonesia continued to contract in April, albeit at a slower pace, the latest survey from HSBC Bank showed on Monday, with a PMI score of 46.7.
That’s up from the March score of 46.4, although it remains beneath the boom-or-bust score of 50 that separates expansion from contraction.
Among the individual components of the survey, there was a sharp reduction in new business from abroad. Output contracted at the second-quickest rate since data collection began, while input price inflation accelerated.
The material has been provided by InstaForex Company – www.instaforex.com