Indonesia Manufacturing PMI Ebbs In February - S&P Global

RTTNews | 492 days ago
Stocktwits
Indonesia Manufacturing PMI Ebbs In February - S&P Global

(RTTNews) - The manufacturing sector in Indonesia continued to expand in February, albeit at a slower pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 52.7.

That's down from 52.9 in January although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Manufacturing production in Indonesia rose in February and at a solid rate, despite the pace of growth easing from January's two-year high. The upturn was underpinned by greater new work intakes, with improvements in underlying demand conditions helping to lift new orders for the ninth successive month.

Foreign demand stagnated, however, with adequate stock holdings at some clients reportedly weighing on new orders from abroad. Purchasing activity rose solidly, in line with rising new work inflows and higher production.

Tags: IDR
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