Indonesia’s manufacturing activity expanded for the first time in seventeen months in March, the results of a survey by Nikkei and Markit Economics showed Friday.
The seasonally adjusted Nikkei Purchasing Managers’ Index rose to 50.6 in March from 48.7 in the previous month. Any reading above 50 indicates expansion in the sector.
Manufacturing production returned to growth territory in March, led by an expansion in new order levels.
Backlogs declined further in March and staffing levels broadly unchanged.
On the price front, input prices climbed further in March, yet the rate at which average cost burdens increased was the slowest in the survey history.
The material has been provided by InstaForex Company – www.instaforex.com