Indonesia’s manufacturing activity improves, but virus, weak demand pose risks

Indonesia’s manufacturing activity improves, but virus, weak demand pose risks

The Jakarta Post-Business·2020-09-02 16:35

Indonesia’s manufacturing activity has shown signs of improvement for the first time since February, but risks remain as new COVID-19 clusters emerge in factories and industrial areas and as household spending remains weak.

IHS Markit’s Manufacturing Purchasing Managers’ Index (PMI) for Indonesia, a gauge of the country’s manufacturing activity, rose to 50.8 points in August from 46.9 a month before. A value above 50 indicates an expansion against the previous month, while a reading below 50 reflects a contraction.

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