By I Made Sentana
JAKARTA--Indonesia's manufacturing industry fell into contraction in October after three consecutive months of expansion, due to deteriorating orders from the domestic and offshore markets, a survey showed Tuesday.
The Nikkei Indonesia Manufacturing PMI dropped to 48.7 in October from 50.9 in September. A reading below 50 indicates a contraction.
"In light of Bank Indonesia's decision to ease monetary policy for a second straight month (in October), manufacturing growth may resume as we approach the year-end," said Pollyanna De Lima, economist at IHS Markit, which conducted the survey.
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(END) Dow Jones Newswires
October 31, 2016 21:32 ET (01:32 GMT)
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