Manufacturing returns to expansion after slump

Output growth: People walk past a screen displaying share prices at the lobby of the Indonesia Stock Exchange in Jakarta. A survey of around 400 manufacturing companies shows the index rising to 51.5 in August from 49.2 in July. — Bloomberg

JAKARTA: Indonesia’s manufacturing activity, as measured by the manufacturing Purchasing Managers’ Index (PMI), bounces back into expansion territory thanks to stronger domestic and global demand after four consecutive months of contraction.

Based on a survey of purchasing executives from around 400 manufacturing companies across Indonesia, the PMI report published by S&P Global on Monday showed the index rising to 51.5 in August from 49.2 in July.