Indonesia's manufacturing slowed its pace of expansion in June as export demand from Europe declined. The HSBC/ Markit purchasing managers index came in at 51.0, the lowest reading in four months and down from 51.6 in May. The slowing "points to external headwinds amid a fragile global economic recovery. Nevertheless the overall PMI reading suggests that robust domestic demand continues to more than offset this drag," said HSBC economist Su Sian Lim.
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