Indonesia ranks third in Asean on manufacturing PMI uptick

Employees make tofu on Jan. 20, 2022 at a cottage factory in Surabaya. - AFP

JAKARTA, May 8 (Jakarta Post/ANN): The mood of the local manufacturing industry has improved slightly over the past month to rise above most other Asean countries, a report that has been released shows.

Indonesia’s manufacturing purchasing managers’ index (PMI) booked a monthly increase of 0.6 to 51.9 in April, while Thailand’s rose 0.1 to the same level, according to a report published by HIS Markit, a subsidiary of financial information firm S&P Global.