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Economy

Indonesia's manufacturing PMI falls to 50.1 in October

TOKYO -- The Nikkei Indonesia Manufacturing Purchasing Managers' Index, or PMI, fell to 50.1 in October from 50.4 in September.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction.

"Indonesia's manufacturing sector started the fourth quarter on a delicate foundation as manufacturing conditions stagnated in October," said Aashna Dodhia, economist at IHS Markit, which compiles the survey.

"Firms reduced their payroll numbers at the strongest pace since March. That said, business confidence among manufacturers improved from September's 57-month low," the economist added.

(Nikkei)

For more information, visit:

http://www.markiteconomics.com/Survey/Page.mvc/PressReleases

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