Weakened national manufacturing performance. It was indicated from Indonesia's manufacturing index fell to its lowest level in four months in June.
This data suggests Indonesia's manufacturing industry participated hampered weakening global demand.
HSBC economist, Su Sian Lim, through his written explanation reveals purchasing managers index or purchasing managers' index (PMI) fell to 51.0 in June from 51.6 in May.
Result below 50 indicates a contraction in manufacturing activity. A reading above 50 suggests expansion.
"Manufacturing activity in Indonesia continues to grow, but the growth rate is slow," Lim wrote, as quoted by the WSJ, Tuesday (02/07/2013).
He explained that the volume shrinks demand of exports for the first time in four months.This shows the challenge of foreign factors, in the midst of the weak global economic recovery.
However, the overall PMI data showed continued strengthening of domestic demand, said Lim in a statement.
"A number of domestic resources, such as labor, constantly encouraged maximum. Evidently, the labor sub-index rose to its highest in 20 months. "
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