Indonesia: Manufacturing PMI falls to one-year low
August 1, 2017
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) dropped in July, falling from June’s 49.5 to 48.6. As a result, the PMI now sits further below the 50-point threshold, which indicates an overall deterioration in business conditions.
According to the release provided by Nikkei and IHS Markit, the manufacturing sector floundered on all fronts in July, as new orders plunged, output fell and jobs were shed. In addition, business confidence fell to the lowest in over-four-years amid weak demand for manufacturing goods. The silver lining in the data was a moderation in price pressures and input prices rose at the slowest pace seen in 2017 so far.