Indonesia's PMI Suggests Operating Conditions Improved at Start of 3Q
Dow Jones
Aug 03
0653 GMT - Operating conditions in Indonesia's manufacturing economy improved at the start of 3Q, the latest S&P Global data suggests. Headline manufacturing purchasing managers index was at 50.2 in July, up from June's 46.9.The latest reading indicates a renewed upturn in output volumes in the Indonesian manufacturing sector, partly due to the stabilization of new order intakes, says Usamah Bhatti, an economist at S&P Global Market Intelligence. The slight improvement in overall conditions also encouraged firms to raise staffing numbers for the first time in five months, S&P says.
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