KONTAN.CO.ID - JAKARTA. S&P Global reports that the Purchasing Manager's Index (PMI) for Indonesian Manufacturing in March 2024 is at 54.2. This figure is up 1.5 points compared to the achievement in February 2024, which was at 52.7. This increase is supported by a rise in new demand, where companies also increased production volume. The rate of expansion is considered sharp and is the strongest in 27 months. Report data shows that the total order increase was driven by the domestic market, while demand from abroad contracted after stagnating in February.
Indonesia Manufacturing PMI Rises to Level 54.2 in March
KONTAN.CO.ID - JAKARTA. S&P Global reports that the Purchasing Manager's Index (PMI) for Indonesian Manufacturing in March 2024 is at 54.2. This figure is up 1.5 points compared to the achievement in February 2024, which was at 52.7. This increase is supported by a rise in new demand, where companies also increased production volume. The rate of expansion is considered sharp and is the strongest in 27 months. Report data shows that the total order increase was driven by the domestic market, while demand from abroad contracted after stagnating in February.