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Financial News: Indonesia Manufacturing Activity Maintains Contraction

Indonesia Manufacturing Activity Maintains Contraction

12/01/2019 - 20:45:00 (RTTNews)

(RTTNews) - The manufacturing sector in Indonesia continued to contract in November, albeit at a slower pace, the latest survey from IHH revealed on Monday with a manufacturing PMI score of 48.2.

That's up from 47.7 in October, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, both output and new orders continued to fall, although at slower rates. There was a stronger rise in stocks of finished goods amid lower sales.

Input and output prices both fell at the fastest rates on record.

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