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Business

 

Indonesia's factory PMI steady at 52.7 in July

Published on Aug 1, 2014 11:46 AM
 

JAKARTA (Reuters) - Indonesian manufacturing activity continued to expand strongly in July as companies boosted output and hired more workers to meet robust new orders, the HSBC Markit purchasing managers' index (PMI) survey showed on Friday.

The index was 52.7 in July, unchanged from the previous month's record high. A reading above 50.0 signals expansion.

Output expanded at a record rate as order books grew.

However, while overall orders rose, new export orders fell for a second straight month.

 
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