The HSBC Markit Purchasing Managers’ Index (PMI) of Indonesia contracted to 48.0 in November 2014 (from 49.2 in the previous month), the weakest level since reporting began in early 2011 amid weak demand and higher fuel prices, official data showed on Monday (01/12). A reading below 50.0 indicates that manufacturing activity has contracted. Su Sian Lim, Economist at HSBC, said that the recent subsidized fuel price, rupiah depreciation, and weak external demand were the key drivers for this poor performance.
Update COVID-19 in Indonesia: 497,668 confirmed infections, 15,884 deaths (23 November 2020)
23 November 2020 (closed)
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