The manufacturing sector in Indonesia continued to expand in November, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 51.7.
That's up from 51.5 in October and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.
Incoming new orders for Indonesian manufactured goods increased again in November, supported by improvements in underlying demand conditions and expansions in customer bases.
The rate of growth was the slowest in the current six-month sequence, however, and moderate overall. Notably, foreign demand remained subdued in November. New export orders fell marginally for a second successive month amid reports of destocking efforts at some clients.
