India, June 30 -- The manufacturing sector in Indonesia continued to contract in June, and at a faster pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 46.9.
That's down from 47.4, and it moves further beneath the boom-or-bust line of 50 that separates expansion from contraction.
Central to June's downturn was an accelerated decline in demand for Indonesian goods. New orders decreased for a third successive month, with the rate of contraction its strongest since August 2021. Panel member reports suggested that market activity was muted, as clients were deterred from placing new orders.
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Data indicated that the r...