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Manufacturing expansion slows in February amid surging COVID-19 cases
The manufacturing purchasing managers’ index (PMI) was recorded at 51.2 in February, down from 53.7 in January, London-based data firm IHS Markit reported on Tuesday.
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Workers make medical masks at the factory of PT Multi One Plus, Gunung Putri, Bogor, West Java, on April 15, 2020. (Antara/Yulius Satria Wijaya)
M
anufacturers in Indonesia reported a slowdown in the expansion of factory activity in February as the Omicron variant drove up COVID-19 cases and the government responded by tightening mobility restrictions.
The manufacturing purchasing managers’ index (PMI), a gauge of factory activity based on a monthly survey of 400 companies, was recorded at 51.2 in February, down from 53.7 in January, London-based data firm IHS Markit reported on Tuesday.
The reading of the index for Indonesia has stayed in the expansion territory, which is above the 50-point threshold, for six consecutive months. But the latest reading marks the slowest expansion over this period.
“The recent surge in COVID-19 infections weighed heavily on Indonesia’s manufacturing sector performance in February,” Jingyi Pan, the economics associate director of IHS Markit, was quoted in a press release as saying on Tuesday.
