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Financial News: Indonesia Manufacturing PMI Steady In October - S&P

Indonesia Manufacturing PMI Steady In October - S&P Global

10/31/2024 - 20:45:00 (RTTNews)

(RTTNews) - The manufacturing sector in Indonesia continued to contract in October, and at a steady rate, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 49.2.

That's unchanged from September, and it remains beneath the boom-or-bust line of 50 that separates expansion from contraction.

Output and new orders both fell slightly in October, extending the current period of decline in each case to four months. Subdued market demand was noted by panelists, with purchasing power amongst clients reported to be lower.

This was common in both domestic and international markets, with geopolitical uncertainty said to have led to an eighth successive monthly decline (albeit marginal) in new export orders.

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