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.
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.

News Comment

Today's Industry

Gradiant Logo

Jumat, 24 Maret 2023 - 07:10 WIB

Gradiant Acquires MPES, a leading Water and Wastewater Operations & Maintenance Provider in Oman

Gradiant, a global solutions provider for advanced water and wastewater treatment, today announced it has acquired Muscat Projects & Engineering Services (MPES), a leading full-service water…

The Western Union Company

Kamis, 23 Maret 2023 - 19:28 WIB

Index Launch: Remittances Play a Powerful Role in Consumers’ Financial Planning

As global populations navigate macroeconomic headwinds, consumers expect remittances to play an even stronger role in their current and future financial planning.

Cabinet Secretary Pramono Anung (Photo: Public Relations of Cabinet Secretariat/Rahmat)

Kamis, 23 Maret 2023 - 17:41 WIB

Welcoming Ramadan 1444H, Cabinet Secretary: A Month Full of Deep Meaning

Cabinet Secretary (Seskab) Pramono Anung wished Muslims throughout the country a happy fasting month of Ramadan 1444 Hijri/2023 AD.

The government determines that 1 Ramadan 1444 Hijriah/2023, the Minister of Religion (Menag) Yaqut Cholil Qoumas, at the Office of the Ministry of Religion (Kemenag) , Jakarta, Wednesday (22/03/2023).

Kamis, 23 Maret 2023 - 16:30 WIB

Government Sets 1 Ramadan 1444H to Fall on Thursday, March 23 2023

The government determines that 1 Ramadan 1444 Hijriah/2023 AD will fall on Thursday, 23 March 2023. This determination is based on the decision of the Isbat (Determination) Session of the Beginning…

Saudi Arabian Airlines (SAUDIA)

Kamis, 23 Maret 2023 - 14:52 WIB

SAUDIA Group Announces International Expansion With 25 New Destinations in 2023, Connecting the World to Saudi Arabia

Saudi Arabian Airlines (SAUDIA) and flyadeal set course to add 25 new destinations in 2023 on SAUDIA Group Network.