JAKARTA (The Jakarta Post/ANN): Manufacturing activity declined further in October as manufacturers cut back on production and reduced workforce amid weak demand, showing further signs of sluggish economic recovery in the fourth quarter.
The manufacturing gauge Purchasing Managers' Index (PMI) survey data published by IHS Markit on Monday (Nov 2) showed that the PMI had risen from 47.2 in September to 47.8 in October, which was still below August’s 50.8.
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