Indonesia Manufacturing Sector Slows In September - S&P Global
(RTTNews) - The manufacturing sector in Indonesia continued to expand in September, albeit at a slower pace, the latest survey from S&P Global revealed on Wednesday with a manufacturing PMI score of 50.4.
That's down from 51.5 in August, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Latest survey data revealed a sustained expansion in new order intakes at the end of the third quarter. The rise was the second in as many months but softened from that seen a month prior. Companies often attributed the increase to firmer market demand, which raised requests for goods. Demand conditions appeared to be driven by the domestic economy, as there was a renewed fall in international sales that was the second in the past three months amid subdued overseas demand.
Despite the continued growth in new orders, there was a renewed reduction in production levels during September. Output fell for the fifth time in the past six months, albeit only fractionally as firms noted weaker purchasing power at clients.
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