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Jakarta Post

Manufacturing sector still expansive, though at slower rate: Report

  • Eisya A. EloksariĀ 

    The Jakarta Post

Jakarta   /   Tue, January 14, 2020   /  04:39 pm
The Jakarta Post Image
A man watches over a six-axis assembly robot on display at the 2019 Manufacturing Indonesia exhibition at the Jakarta International Expo (JI Expo) on Dec. 4, 2019. (The Jakarta Post/Eisya Eloksar)

Indonesia’s manufacturing industry remains expansive, though at a smaller rate despite concerns over deindustrialization, the latest report shows. Cement, food and fertilizer industries lead industry gains as textile, paper, vehicle and machinery manufacturers contract. Bank Indonesia’s (BI) Prompt Manufacturing Index shows that the manufacturing sector’s performance remained expansive at 51.5 percent in the fourth quarter last year, compared to 52.04 percent in the previous quarter. A reading of above 50 percent indicates expansion and below that illustrates contraction. The highest expansion occurred in the cement and nonmetal mining industry subsector with 57.43 percent, followed by food, beverage and tobacco (52.47 percent), fertilizer, chemicals and rubber-based goods (51.48 percent). Meanwhile, sectors that border between expansion and contraction...