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Indonesian manufacturing growth slows in November

Editorial

The Indonesian HSBC Purchasing Managers Index survey has shown a slight drop in overall manufacturing activity to 50.3.

The Jakarta Globe reports that the PMI fell slightly from 50.9 in October. Any score above 50 indicates expansion in the PMI. 

HSBC cited decreased new export orders and economic difficulties as behind the result. Input costs were up due to the weak rupiah, which fell seven per cent during the month.

Employment in manufacturing also decreased for the fourth straight month, according to the survey.

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