Indonesia Manufacturing Sector Picks Up Steam - S&P Global

2025-02-03 1284
(fxcue news) - The manufacturing sector in Indonesia continued to expand in January, and at a faster pace, the latest survey from S&P Global revealed on Monday with a PMI score of 51.9 That's up from 51.2 in December, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Latest survey data revealed an improvement in manufacturing output growth. Production has now risen for three months in a row and expansion at the start of 2025 was the best since last May. A higher volume of new orders helped to support output, with latest data again signaling a solid, albeit slightly softer, expansion in new work. Market demand was reported to have improved, notably from both at home and abroad, with firms indicating a second successive monthly increase in new export business during January.
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