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Financial News: Indonesia Manufacturing Sector Slips Into Contraction - Ma

Indonesia Manufacturing Sector Slips Into Contraction - Markit

07/31/2019 - 21:40:00 (RTTNews)

(RTTNews) - The manufacturing sector in Indonesia fell into contraction in July, the latest survey from Markit Economics revealed on Thursday with a manufacturing PMI score of 49.6.

That's down from 50.6 in June, and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, production volumes declined amid higher holdings of finished goods.

Employment fell for the first time in 14 months, while new order growth remained subdued.

Sentiment towards the year ahead outlook for output remained buoyant, though the level of optimism dipped to a three-month low.

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