TOKYO -- Indonesian manufacturing conditions remained broadly stagnant midway through the first quarter. While new order inflows stabilized, and employment rose, output fell slightly in February. Companies cut back on purchasing activity and reported a further fall in stocks of finished goods.
The Nikkei Indonesia Manufacturing Purchasing Managers' Index, or PMI, rose from 49.9 in January to 50.1. A reading above 50 indicates an expansion while a reading below 50 points to a contraction.