The IHS Markit Indonesia Manufacturing PMI increased to 48.2 in November 2019 from 47.7 in the prior month, signaling the second-lowest reading since the end of 2015. Output shrank for a fifth month running and at the second quickest extent for almost four years and new orders. In addition, employment contracted for a fifth month in a row, though the rate of decline was the slowest since August. Lower sales contributed to a further accumulation in of inventories of finished goods, while falling backlogs of work prompted firms to reduce employment and scale back purchasing activity. In terms of prices, input and output prices both fall at fastest pace on record. Finally, sentiment appeared brighter.
