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Nikkei PMI

Indonesia's manufacturing PMI signals contraction for two months in row

TOKYO -- The Nikkei Indonesia Manufacturing Purchasing Managers' Index, or PMI, improved to 49.9 in January from 49.3 in December.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. The reading remained in contraction territory for two months in a row.

"New orders fell for the second consecutive month, albeit only slightly amid reports of lackluster client demand," said Aashna Dodhia, economist at IHS Markit, which compiles the survey.

"Weak overseas demand continued to be a key factor driving the reduction in total new business. Furthermore, new export sales dropped at the faster since March 2017," Dodhia added. "Overall, appreciation of the Indonesian rupiah relative to the US dollar may put further pressure on rejuvenating foreign demand for Indonesian goods."

(Nikkei)

For more information, visit:

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

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