
Indonesia’s Manufacturing PMI Hits Record High; Tops ASEAN, South Korea
Indonesia’s manufacturing expansion rate has hit a new record as reflected in Indonesia’s Manufacturing Purchasing Managers’ Index (PMI) that stood at 55.3 in May this year. The figure released by HIS Markit grew significantly compared to that in April at 54.6. PMI above 50 shows that the industry sector is expansive. The expansive position […]