Manufacturing activity in Indonesia surged last month to its highest level in nearly a year, driven by an increase in new orders and jobs ahead of Ramadan, but analysts say the long-term outlook is less than rosy. Consumer demand typically peaks during the Muslim fasting month, which falls in March this year. According to the latest S&P Global report released on Monday, Indonesia’s manufacturing Purchasing Managers’ Index (PMI) jumped to 53.6 in February from 51.9 in January. This marks the third consecutive month the index has reached above the critical 50-point threshold separating expansion from contraction. Based on a survey of purchasing managers from around 400 manufacturers nationwide, S&P Global’s Indonesia Manufacturing PMI report offers a snapshot of business conditions in the sector. The new orders subindex rose for a third consecutive month in February, marking the strongest growth rate since March 2024.Source:https://www.thejakartapost.com/business/2025/03/03/manufacturing-activity-hits-11-month-high-ahead-of-ramadan.html (ICE GIACARTA)

Fonte notizia: The Jakarta Post, 03/03/2025