Indonesia's PMI fell to 48.9 in August, signalling factory contraction, while Turkey's PMI rose slightly to 47.8, still signaling contraction for the fifth month.
Indonesia's manufacturing Purchasing Managers' Index (PMI) fell to 48.9 in August, signaling a continued contraction in factory activity for the second month. Weaker sales have led to temporary workforce reductions despite a positive long-term outlook. In Turkey, the PMI rose slightly to 47.8 but marked the fifth consecutive month of contraction due to decreased demand and rising costs, prompting firms to cut output and employment while facing challenges with new orders.
September 02, 2024
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