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Financial News: Indonesia Manufacturing PMI Sinks To 49.3 In January

Indonesia Manufacturing PMI Sinks To 49.3 In January

02/02/2020 - 20:05:00 (RTTNews)

(RTTNews) - The manufacturing sector in Indonesia continued to contract in January, and at a faster rate, the latest survey from the IHS Markit revealed on Monday with a manufacturing PMI score of 49.3.

That's down sharply from 49.5 in December, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.

Individually, order book volumes fell into decline, while output rose only slightly. Employment, purchasing activity and input stocks all fell last month.

Business sentiment improved to its highest level in eight months, however.

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