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Indonesia Sept manufacturing activity rebounds to 50.7: survey
[JAKARTA] Indonesian manufacturing activity rebounded in September from a one-year low the previous month, bolstered by an increase in output and new orders, the HSBC Markit purchasing managers' index (PMI) survey showed on Wednesday.
The index was 50.7, up from 49.5 in August. A reading above 50.0 signals expansion and below contraction. "The rebound in manufacturing conditions in September provides some relief as it confirms that the contraction in the August PMI marked a temporary lull rather than a reversal of the trend," said Su Sian Lim, an economist at HSBC.
Staffing levels declined for a second consecutive month in September, and at the quickest rate since March, as an increasing number of companies left job openings unfilled. "A further deterioration in payrolls and an ongoing contraction in work backlogs suggest that manufacturing sector conditions could remain moderate over the near-term," Lim said. - Reuters