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Jakarta Post

Manufacturing not out of the woods despite improvement

  • Yunindita Prasidya

    Jakarta

Jakarta   /   Wed, August 5 2020   /  01:00 am
Sejumlah pekerja menyelesaikan pembuatan masker medis di PT Multi One Plus, Gunung Putri, Kabupaten Bogor, Jawa Barat, Rabu (15/4/2020). Pabrik masker tersebut mampu memproduksi 250 ribu masker medis per hari. (Antara/Yulius Satria Wijaya)

Despite improvement in July, Indonesia’s manufacturing industry has yet to recover from the deep downturn earlier this year, as domestic consumption remains weak, economists and businesspeople have said. IHS Markit’s Manufacturing Purchasing Managers’ Index (PMI) for Indonesia, a gauge of the country’s manufacturing activities, climbed by almost eight points from 39.1 in June to 46.9 in July, the highest reading since February. A value above 50 indicates an expansion against the previous month, while a reading below 50 indicates a contraction. The country also recorded a slower drop in new orders and output amid the gradual reopening of the economy. “PMI data showed another marked easing in the downturn across Indonesia’s manufacturing sector in July, adding to hopes that the worst impact of the COVID-19 pandemic was felt in the second quar...