Indonesia Manufacturing Sector Accelerates In January - S&P Global
(RTTNews) - The manufacturing sector in Indonesia continued to expand in January, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.6.
That's up from 51.2 in December and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Latest survey data revealed a sustained expansion in new order intakes during January. The rise was the sixth in as many months and strengthened from that seen a month prior. Companies often attributed the increase to firmer market demand, which raised requests for goods. Demand conditions appeared to be driven by the domestic economy, as there was a fall in international sales for the fifth month in a row amid reports that tariffs had weighed on overseas demand.
Alongside the rise in new orders, there was a sustained expansion in production levels during January. Output rose for the third month running and at the second-fastest pace for 11 months.
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