TheJakartaPost
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The official manufacturing Purchasing Manager's Index (PMI) inched lower to 51.0 in May from 51.1 in April, data from the National Bureau of Statistics (NBS) showed on Monday, but remained above the 50-point mark that separates growth from contraction.
The Japanese company said Thursday the factory with a floor space of 900 square meters is currently under construction in the premises of the No. 1 plant of its local subsidiary, PT. Hitachi Construction Machinery Indonesia, in Bekasi, east of Jakarta.
A series of upbeat factory surveys released on Thursday reinforce market optimism that vaccine rollouts, as well as strong growth in global powerhouses like the United States and China, will help economies emerge from their sharp downturns of 2020.
Factory prices rose in China for the first time in a year last month as the country's vast industrial sector leads a recovery from the virus pandemic, with analysts hailing the data as a turning point for the world's number two economy.
Carmaker Hyundai Motor Asia-Pacific is planning to start manufacturing electric cars in West Java by 2022, as Indonesia plans to produce batteries for electric vehicles (EVs), the company’s vice president announced on Monday.
