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Jakarta Post

Manufacturing sector still expanding, though at slower rate: Report

  • Eisya A. Eloksari

    The Jakarta Post

Jakarta   /   Wed, January 15 2020   /  12:28 am

Indonesia’s manufacturing industry continues to expand, though at a slower rate despite concerns over deindustrialization, a recent report has shown.Cement, food and fertilizer industries lead industry gains as textile, paper, vehicle and machinery manufacturers contract.Bank Indonesia’s (BI) prompt manufacturing index (PMI) 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 are iron and steel...