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Financial News: Indonesia Manufacturing Sector Expands For The First Time

Indonesia Manufacturing Sector Expands For The First Time In Six Months - IHS Markit

08/31/2020 - 21:40:00 (RTTNews)

(RTTNews) - The manufacturing sector in Indonesia swung to expansion in August, the latest survey from IHS Market showed on Tuesday with a manufacturing PMI score of 50.8.

That's up from 46.9 in July and it moves above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output and new orders both expanded at the quickest rates in six years, but job losses persisted amid signs on ongoing spare capacity.

Purchasing activity was down at a softer but still marked rate.

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