The manufacturing sector in Indonesia continued to contract in May, albeit at a lightly slower pace, the latest survey from IHS Markit showed on Tuesday with a manufacturing PMI score of 28.6.
That’s up from the record low of 27.5 in April, but it remains substantially beneath the boom-or-bust line of 50 that separates expansion from contraction.
Individually, output and new orders both continued to fall sharply due to Covid-19 measures, while there was a record fall in employment amid evidence of layoffs.
Input costs rose further due to material shortages and a weaker rupiah.
The material has been provided by InstaForex Company – www.instaforex.com
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