Indonesia's Manufacturing Sector Expands For Sixth Month




The Indonesian manufacturing sector expanded for the sixth successive month in February, but at a slightly weaker pace than in the beginning of the year, data published by Markit Economics and HSBC Bank revealed Monday.
The seasonally adjusted manufacturing purchasing managers' index (PMI) came in at 50.5 in February. The index has now stayed above the no-change 50 mark, which separates growth from contraction, for the sixth month in a row. The February reading was, however, slightly lower than January's score of 51.
Production at Indonesian factories rebounded in February, following a contraction in January, but the rate of growth was fractional. The output recovery was driven by a further increase in new business, which has now recorded growth for the fifth month in a row.
Input costs faced by goods producers rose further in February amid food, metals, chemicals, plastics, paper and textiles prices. Subsequently, average output prices were raised further.


News are provided by InstaForex.