Indonesia factory activity contracts for second straight month in August

JAKARTA (The Jakarta Post/Asia News Network): Indonesia’s manufacturing sector contracted by a smaller degree in August compared with July, as the country remained under strict mobility restrictions (PPKM).

The country’s manufacturing Purchasing Managers’ Index (PMI) rose to 43.7 in August from 40.1 in July, business information company IHS Markit reported Wednesday (Sept 1). The latest figure, which falls below the 50-point threshold separating expansion and contraction, marks a downturn in factory activity for two consecutive months.