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Jakarta Post

Factory activity improves in third quarter of 2020

  • Adrian Wail Akhlas

    Jakarta

Jakarta   /   Sat, October 17 2020   /  01:00 am
Laborers finish production of face masks at PT Jayamas Medica in Mojoagung district, Jombang regency, East Java on March 18, 2020. (Antara/Syaiful Arif)

Factory activity in Indonesia showed signs of improvement in the third quarter after recording the deepest slump ever in the previous quarter, as the reopening of the economy jacked up output and new orders, according to a Bank Indonesia (BI) survey. BI’s Prompt Manufacturing Index (PMI-BI) was recorded at 44.91 percent in the third quarter, up from its lowest level ever at 28.55 percent in the second quarter. However, the figure remains below the pre-coronavirus pandemic level of 52.04 percent in the third quarter last year. Index readings below 50 percent indicate a contraction, while those above 50 percent signify an expansion. “Although manufacturing activity remains in a contractionary phase, the PMI-BI shows that the performance has improved,” the central bank said in the survey released on Wednesday. “The implementation of [relaxed restrictions]...