Wahyu Dwi Anggoro
IDXChannel - Indonesia's manufacturing sector expansion was sustained midway into the fourth quarter of 2023, according to the latest S&P Global Indonesia Manufacturing Purchasing Manager’s Index (PMI) data.
The headline seasonally adjusted S&P Global Indonesia Manufacturing PMI rose to 51.7 in November, up from 51.5 in October, to signal a faster improvement in manufacturing sector conditions.
This is also the twenty-seventh consecutive month in which the index has posted above the 50.0 no-change mark.
According to the report, production rose at a slightly faster pace, supported by higher new orders and increased workforce numbers. Manufacturers also raised their purchasing activity and input inventory holdings amid improved confidence with regards to future output.
However, a marginal deterioration in vendor performance was observed. Inflationary pressures also intensified, despite remaining subdued by historical standards.
