Indonesia’s manufacturing activity in November
According to a report by Markit Economics, Indonesia’s (IDX) (ASEA) manufacturing PMI (purchasing managers’ index) rose to 50.4 in November from 50.1 in October 2017, marking the fourth consecutive month of expansion.
In November, Indonesia’s manufacturing PMI was driven by the following:
- production output and volume rose, marking a second consecutive month of expansion in production output
- new orders increased the most since April 2017
- export orders rose for a fourth consecutive month
- employment in the manufacturing sector improved
Indonesia plays an important role among emerging nations (EEM) (VWO) and Southeast Asian nations. Its improving economic health and major reforms have improved investor sentiment toward the economy. Its current political stability has also helped its economic activity.
Performance of ETFs in November
The VanEck Vectors Indonesia ETF (IDX), which tracks the performance of the Indonesian economy, fell 0.7% in November 2017. However, the Global X FTSE Southeast Asia ETF (ASEA), which tracks the performance of Southeast Asia’s economy, rose 7.1%. In the next part of this series, we’ll analyze indicators that investors should watch this week.