TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesian manufacturing slows in February

  • The Jakarta Post

PREMIUM
Jakarta   /   Sat, March 6 2021   /  01:00 am
Suasana aktivitas para pekerja di Pabrik Softex Indonesia di Sidoarjo, Jawa Timur, Kamis (23/1/202020). Softex Indonesia merupakan salah satu produsen pembalut dan popok terbesar di Indonesia.(Antara/Zabur Karuru)

Indonesia’s manufacturing growth slowed down in February after hitting a six-year high the previous month as flooding and the COVID-19 pandemic disrupted the sector. The country’s Purchasing Managers’ Index (PMI) dropped to 50.9 in February from 52.2 in the previous month, business information provider IHS Markit reported on Monday.
 
The index, a gauge of the sector based on a monthly survey of roughly 400 manufacturers, still stood above the 50-point threshold and thus signaled a sustained expansionary trend that began in November. A reading below the threshold suggests a contraction from the previous month.  “Recent elevated COVID-19 case numbers show that the pandemic continues to disrupt operations,” IHS Markit economics director Andrew Harker was quoted as saying in a press release issued Monday. Read also: Indonesia...