Indonesia Manufacturing Sector Slows In September - S&P Global

RTTNews | 670 days ago
Stocktwits
Indonesia Manufacturing Sector Slows In September - S&P Global

(RTTNews) - The manufacturing sector in Indonesia continued to expand in September, albeit at a slower rate, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.3.

That's down from 53.9 in August, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

Higher levels of production were recorded for a sixteenth straight month in the Indonesian manufacturing sector during September. While the pace of output growth eased, in tandem with new orders, it remained solid overall.

Better underlying demand conditions underpinned the sustained increase in new business in the latest survey period, according to panelists. Moreover, new orders from abroad continued to rise and at a slightly faster pace in September amid reports of firmer client demand across key export markets.

Tags: IDR
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