Indonesia’s manufacturing PMI in September
According to a report by Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing activity stood at 50.4 in September 2017 compared to 50.7 in August 2017. It was a marginal fall, but it kept the economy in the expansion zone for September. A level above 50 indicates expansion in economic activity, and a level below 50 indicates contraction.
Indonesia’s manufacturing PMI in September was affected mainly by the following factors:
- Production output and volume improved at a slower rate in September 2017 compared to August 2017.
- New orders and export orders rose at a higher pace, which shows that client demand rose.
- Employment in the manufacturing sector improved at a marginally lower rate.
Impact on the economy
Performance of ETFs
The VanEck Vectors Indonesia ETF (IDX), which tracks the performance of Indonesia, fell 1.6% in September 2017. The Global X FTSE Southeast Asia ETF (ASEA), which tracks the performance of Southeast Asia, rose 1.6% in September 2017.
In the next part of this series, we’ll look at the performance of Mexico’s manufacturing PMI in September 2017.