Manufacturing Industry Performance Improves in Q4 2020

Economics & Macro
1
Andrea Lidwina 18/01/2021 09:09 WIB
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Bank Indonesia Purchasing Managers' Index (BI-PMI)
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The Manufacturing Purchasing Managers' Index (PMI) – Bank Indonesia (PMI-BI) recorded 47.29% in Q4 2020, a roughly two-point increase compared to the previous quarter's 44.91%. This increase indicates an improvement in the performance of the manufacturing industry.

Almost all components showed improvement, particularly production volume due to faster input goods receipt and increased workforce. Three sub-sectors have entered the expansion phase: basic iron and steel; fertilizers, chemicals, and rubber goods; and paper and printing.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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