The manufacturing sector in Indonesia continued to contract in July, albeit at a slower rate, the latest survey from Markit Economics showed on Monday with a six-month high manufacturing PMI score of 46.9.
That’s up from 39.1 in June, although it remains beneath the boom-or- bust line of 50 that separates expansion from contraction.
Individually, production and new orders declined at much slower rates, while [business][1] optimism remained elevated.
Gradual steps to restart the Indonesian [economy][2] also led to a much softer fall in overall demand. The downturn in total new orders was only marginal in July despite a substantial fall in export sales.
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