Indonesia Manufacturing PMI Improves To 51.2 In October - S&P Global
(RTTNews) - The manufacturing sector in Indonesia continued to expand in October, and at a faster rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.2.
That's up from 50.4 in September and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Central to October's upturn was an accelerated expansion in demand for Indonesian goods. New orders increased for the third consecutive month, with the rate of growth at the joint strongest since March (equal with August). Panel member reports suggested that domestic market activity had improved and encouraged local clients to place additional orders.
Data indicated that the expansion was domestic-driven, as Indonesian manufacturers pointed to a second successive fall in new export business amid reports of largely muted demand in international markets. Positive movements in sales encouraged firms to raise capacity, with employment levels increasing for the third month in a row, and at the steepest rate in five months.
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