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Indonesia's Manufacturing Sector Continues to Grow in February 2024

Economics editor Wahyu Dwi Anggoro
01/03/2024 10:50 WIB
Indonesia's manufacturing sector continued to expand in February 2024, and at a pace that was little-changed from the start of the year.
Indonesia's Manufacturing Sector Continues to Grow in February 2024. (Foto: MNC Media)
Indonesia's Manufacturing Sector Continues to Grow in February 2024. (Foto: MNC Media)

Meanwhile, business sentiment across the Indonesian manufacturing sector remained positive in February, as firms stayed hopeful that production will rise in the next 12 months. 

The degree of optimism picked up from January, albeit remaining below the historical trend.

"Overall, sentiment among Indonesian manufacturers improved in February, which alongside other forwardlooking indicators such as new orders, suggest that we will continue to see output expanding in the near-term," Pan concluded. (WHY)

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