Indonesia’s HSBC PMI number came in at 50.5, down slightly from 50.8 a month ago.Key points:
- Production unchanged as new order growth weakens
- PMI™ slips to three-month low of 50.5
- Input price inflation reaches one-year high
Manufacturers in Indonesia signalled a stagnation in output during April. This reflected a slowdown in new order growth to only a marginal pace. Indices for a number of other key variables similarly pointed to only slight month-on-month changes.
The PMI registered 50.5 in April, down from 50.8 in March. The latest reading was the lowest in three months and indicative of only a marginal improvement in overall operating conditions.
Underlying the subdued performance of the Indonesian manufacturing sector during the latest survey period was a lacklustre trend in incoming new work. This was highlighted by new orders rising only marginally and at the slowest pace in the current three-month period of expansion. There were signs of weakness in the export component especially, with sales to foreign clients falling slightly.