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Nikkei PMI

Indonesia's manufacturing PMI in January points to stagnation

TOKYO -- Manufacturing activity in Indonesia failed to show growth for the first time in a year in January, pointing to signs of stagnation in the nation's economy, a survey showed Friday.

The Nikkei Indonesia Manufacturing Purchasing Managers' Index, or PMI, fell to 49.9 from December's 51.2. A reading above 50 indicates an expansion while a reading below 50 points to a contraction.

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