Manufacturing Industry Indonesia Contracts for 15th Straight Month
The latest survey from Nikkei showed that Indonesia's manufacturing sector contracted for the 15th straight month. In the last month of 2015 factory activity in Indonesia showed a reading of 47.8, improving from a reading of 46.9 in November but remaining stubbornly below the 50.0 level that separates contraction from expansion. Since October 2014 Indonesia's manufacturing purchasing managers' index (PMI) has been in contraction.