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INDONESIA: Country Wrap: Indonesia a Bright Spot For ASEAN Manufacturing

INDONESIA
EM BulletBulletIndonesiaAPACEmerging Market News
  • Indonesia’s manufacturing PMI rose to 51.9, highest since May, from 51.2 to be 3 points above the August low, driven by an increase in output, orders and employment growth, which boosted stockbuilding. There was a second straight rise in “new export business”. (source: MNI – Market News).
  • Bank Indonesia is in the market to maintain confidence and ensure the balance of FX supply and demand, says its director for monetary and asset securities management Edi Susianto. (source: BBG)
  • Indonesia’s Jakarta Composite is getting hammered today down -2.27%
  • IDR:  the rupiah has struggled all day and is down -.912 at 16,455.
  • Bonds:  as risk off sentiment purveyed the Indonesian markets, bonds got hammered with yields significantly higher across the curve.  INDOGB 10YR 7.07% (+8bps)
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  • Indonesia’s manufacturing PMI rose to 51.9, highest since May, from 51.2 to be 3 points above the August low, driven by an increase in output, orders and employment growth, which boosted stockbuilding. There was a second straight rise in “new export business”. (source: MNI – Market News).
  • Bank Indonesia is in the market to maintain confidence and ensure the balance of FX supply and demand, says its director for monetary and asset securities management Edi Susianto. (source: BBG)
  • Indonesia’s Jakarta Composite is getting hammered today down -2.27%
  • IDR:  the rupiah has struggled all day and is down -.912 at 16,455.
  • Bonds:  as risk off sentiment purveyed the Indonesian markets, bonds got hammered with yields significantly higher across the curve.  INDOGB 10YR 7.07% (+8bps)