Indonesia's Manufacturing Index Highest in 20 Months
By : Ridwan And Aldi Firhand. A | Friday, March 02 2018 - 20:26 IWST
![The Best Business Opportunity - GIICOMVEC 2018 will be the most appropriate venue for Indonesia's commercial vehicle industry that shows its latest growth, and opens new business opportunities.](https://eagle.industry.co.id/uploads/berita/detail/2322.jpg)
The Best Business Opportunity - GIICOMVEC 2018 will be the most appropriate venue for Indonesia's commercial vehicle industry that shows its latest growth, and opens new business opportunities.
INDUSTRY.co.id - Jakarta, The national manufacturing industry is showing an increasingly aggressive performance, with its efforts to increase expansion and employment.
This achievement is supported by the government's role in creating a conducive investment climate as well as providing business facilities for business actors in Indonesia.
"The government has launched several packages of economic policies, among them to improve the competitiveness of the industry, in addition to the deregulation and debottlenecking policies accompanied by ease of requirements and permits," said Minister of Industry of Airlangga Hartarto in Jakarta, Friday (2/3/2018).
Based on the purchasing manager index (PMI) report released by Nikkei and Markit, Indonesia's manufacturing PMI rose from 49.9 in January to 51.4 in February 2018.
PMI above 50 is again achieved, after earlier in December 2017 and January 2018 are below the neutral point.
A PMI above 50 indicates that manufacturing is expanding. In fact, Indonesia's manufacturing PMI performance in February 2018 also showed the highest position in its operational condition since June 2016 or 20 months ago.
"The increase in PMI can show confidence to the industrial sector to further expand and absorb a lot of manpower," said Minister of Industry.
Moreover, supported by a significant increase ease of doing business rank, from the rank of 106 in 2015 to 72 in 2017.
Read Also
Electric Cars are Indonesian Automotive Industry’s Future, President…
Minister of Industry Agus Optimistic 2024 Indonesia's Manufacturing…
Manufacturing Still Accounts for Lion’s Share of Exports: Industry…
DRMA Again Records Increase in Net Profit Up to Double Compared to…
Buy ASLC Shares, Get the Largest Vehicle Auction Business in Indonesia,…
Today's Industry
![Totolink outlet. (Photo: Public Relation of Totolink)](https://eagle.industry.co.id/uploads/berita/small/5782.jpg)
Kamis, 11 Juli 2024 - 22:08 WIB
Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia
Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.
![The President Commissioner of Bersama Digital Data Centres (BDDC), Setyanto Hantoro (fourth right) and The President Director of BDDC, Angelo Syailendra (third right) during the BDDC JST1 Inauguration Ceremony in Jakarta on Wednesday (10/07/2024).](https://eagle.industry.co.id/uploads/berita/small/5781.jpg)
Kamis, 11 Juli 2024 - 19:03 WIB
BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure
Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…
![The Board of Directors of PTT Global Chemical (GC) pose for a group photo after receiving the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin. (Photo: GC Public Relations)](https://eagle.industry.co.id/uploads/berita/small/5780.jpg)
Kamis, 27 Juni 2024 - 15:30 WIB
Global Chemical Achieves Prestigious SNI Certification for InnoPlus Polyethylene Resin
PTT Global Chemical (GC) is proud to announce its successful attainment of the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin.
![Financial Literacy](https://eagle.industry.co.id/uploads/berita/small/5779.png)
Rabu, 26 Juni 2024 - 22:47 WIB
The Importance of Financial Literacy
Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.
![Unveiling New Opportunities](https://eagle.industry.co.id/uploads/berita/small/5778.png)
Rabu, 26 Juni 2024 - 14:52 WIB
Unveiling New Opportunities
As we step into 2024, the cryptocurrency landscape continues to evolve, presenting unprecedented opportunities for investors, developers, and enthusiasts.
News Comment