By I Made Sentana

JAKARTA, Indonesia--Indonesia's manufacturing activity continued to contract in November, due to subdued demand and floods in parts of the country, the latest survey showed Thursday.

The Nikkei Indonesia Manufacturing PMI was at 49.7 in November, below the 50.0 threshold that separates expansion from contraction. The index, however, was up from 48.7 in October, indicating the sector is moving toward stabilization.

"November saw back-to-back contractions in order books and output among Indonesian manufacturers as flood-related issues combined with a subdued demand environment weighed on economic performance, said Pollyanna De Lima, economist with Markit Economics, which conducted the survey.

Ms. De Lima said manufacturers may be prepared to loosen their pricing policy to secure more work.

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(END) Dow Jones Newswires

November 30, 2016 20:15 ET (01:15 GMT)

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