The manufacturing sector in Indonesia continued to expand in March, and at a faster pace, the latest survey from Markit Economic showed on Thursday with a record-high seasonally adjusted manufacturing PMI score of 53.2.
That’s up from 50.9 in February, and it moves further above the boom-or- bust line of 50 that separates expansion from contraction.
Individually, the survey saw the sharpest increases in output and new orders in its decade-long history. It also saw its fastest rise in input costs since October 2018.
Firms were increasingly confident that improvements in output would be sustained over the coming year, with [business][1] confidence hitting a 50-month high.
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