Indonesia’s manufacturing PMI in April
Indonesia’s manufacturing PMI in April was mainly due to the following factors:
- Production volume and output grew at a faster rate in April. It was the most improvement since July 2014.
- New orders rose at a faster rate in April. It was the strongest improvement since June 2016.
- Employment in the manufacturing sector improved in April.
Indonesia has been playing a major role in the Asian economy. Structural reforms and a change in demographics are supporting the Asian growth story. Recent trade talks between the United States and China have reduced the fear of a global trade war, which has helped the overall global economy.
The VanEck Vectors Indonesia ETF (IDX), which tracks the performance of Indonesia, fell 5.6% in April. However, the Global X FTSE Southeast Asia ETF (ASEA), which tracks the performance of Southeast Asia, rose 0.85%.
In the next part of this series, we’ll take a look at the indicators investors should watch this week.