JakaraGlobe-May 4, 2022

Indonesia’s manufacturing sector expansion has accelerated in April thanks to improving economic activities that spur employment and purchasing activity, according to the latest S&P Global Purchasing Manager Index, or PMI, data.  Indonesia’s S&P Global Indonesia manufacturing PMI rose to 51.9, increasing from 51.3 in March and marking the ninth consecutive month of the country’s manufacturing sector expansion. A reading above 50 reflects an expansion from the previous month, and conversely, below 50 signals a contraction. That was also the quickest rate of development since January, as the country dropped off restrictions after the Covid-19 third wave, driven by the Omicron variant, subsided. In April, manufacturing production rose quicker, boosted by growing client demand. While the increase in output was slight, it was the quickest in three months, while new orders also increased since March. Globally, foreign demand increased steadily. However, several enterprises indicated that the situation in Ukraine weighed on total new foreign business. Read more at: https://jakartaglobe.id/business/indonesia-sees-faster-manufacturing-sector-expansion-in-april