JAKARTA (TheInsiderStories) – Good Morning! Indonesian Purchasing Managers’ Index (PMI) rose from 50.4 in April to 51.6 in May, marking the highest in nine months, said Nikkei Manufacturing survey. The country’ manufacturing sector activity improved in May due to an increase of output and new orders.
It said, stronger demand conditions led manufacturers expand their production with output increasing at the quickest pace for a year. Companies also raised their purchasing activity and accumulated input stocks.
Ex-chief of the Army’ Strategic Reserve Command Major General (ret) Kivlan Zen was taken into custody by the Jakarta Metropolitan Police as suspect in a firearm possession case. He arrest was made after being charged for violating Emergency Law Number 12 Year 1951, said coordinator of Zen’ lawyer team Djudju Purwantoro.
While, spokesman for Prabowo Subianto – Sandiaga Salahuddin Uno’ National Winning Team, Andre Rosiade revealed will report back 1998 activists, who had approached the National Police over allegations of the president candidates is mastermind the riots on May 22. He remarked that the accusation was leveled to defame the 02 presidential candidate.
From global, the United States (US) grew a bit slower in the first quarter (1Q) of 2019 to 3.1 percent, mostly because of weaker business investment. in the 4Q 2018, American GDP hit the highest level for more than a decade at 3.4 percent.
Consumer spending rose a mild 1.3 percent, held down by reduced purchases of durable goods. Spending on durable goods sank 4.6 percent, mark the biggest drop in 10 years. While, exports were revised up to 4.8 percent and imports was a bit smaller at 2.5 percent.
Then, inflation rose at a 1.4 percent pace year over year, below the Federal Reserve’ 2 percent target. The shortfall has persuaded the central bank to shun further increases in a key US interest rate in an effort to help the economy.
Furthermore, US President Donald Trump tweeted, on June 10th, the country will impose a 5 percent tariff on all goods coming from Mexico. He added, the Tariff will gradually increase until the Illegal Immigration problem is remedied.
On May 20, Trump said he had reached an agreement with Canada and Mexico, where US could sell agricultural products, aluminum and steel to those countries without charging large tariffs or tariffs. He added, the leaders of the two border countries have shown justice to US workers and heard complaints from citizens because of the previous tariff setting.
On Thursday, Indonesian Rupiah slightly decreased to 14,408 from prior day against American Dollar. Amid the minimal positive issues ahead of long holiday, the local currency is expected move stagnant.
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia