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Economy

Indonesia's manufacturing PMI signals contraction for the first time since July

TOKYO -- The Nikkei Indonesia Manufacturing Purchasing Managers' Index, or PMI, fell to 49.3 in December from 50.4 in November.

A reading above 50 indicates economic expansion, while a reading below 50 points toward contraction. It was the first time the PMI had posted below the neutral 50.0 level since July.

"Latest data indicated that subdued client demand let to renewed falls in both output and new orders," said Aashna Dodhia, economist at IHS Markit, which compiles the survey.

"Furthermore, new export orders declined for the first time since July amid reports of reduced international demand for Indonesian manufacturing goods," Dodhia added.

(Nikkei)

For more information, visit:

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

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