Wahyu Dwi Anggoro
"November's PMI data indicated that Indonesia's manufacturing sector continued to expand, though the latest headline reading of 51.7 remained below the Q3 average of 53.2 to signal a slowdown in manufacturing sector growth into the final quarter of the year," Jingyi Pan, Economics Associate Director at S&P Global Market Intelligence, said in a media release, Friday (1/12/2023).
Furthermore, firms were generally optimistic that output over the coming 12 months would rise amid hopes of firmer market conditions and greater price stability.
The overall level of business confidence lifted from October, but remained below the series average. (WHY)
