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

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.

PT Sariguna Primatirta Tbk (Tanobel Group)

Selasa, 05 September 2023 - 09:45 WIB

Aggressive Tactics Boost Brand Awareness, CLEO Achieves Record- Breaking Sales in First Half 2023

The increasing public activity post pandemic has opened up opportunities for business growth in the consumer goods product for bottled drinking water (AMDK), which is better known as "CLEO",…