EIDO - Indonesia Manufacturing Upturn Loses Momentum In June
Indonesia's manufacturing sector lost some momentum in June, according to the latest PMI data, with signs of weakening growth midway through the year. However, there are signs that the slowdown could be short-lived, according to the PMI survey's sub-indices.
The Indonesia Manufacturing PMI™, compiled by IHS Markit, fell to 50.6 in June, down from a nine-month high of 51.6 in May, indicating only a mild improvement in manufacturing conditions. The headline PMI, a composite indicator derived from various survey sub-indices, provides a quick snapshot of the health of the manufacturing economy, though also