Bisnis, JAKARTA — The recent drop in the Indonesian Manufacturing PMI into the contraction zone has surprised many, especially after nearly three years of stability in the expansion zone. This shift, revealed by the S&P Global survey, underscores persistent issues within the manufacturing sector that need addressing.
The Long Road to Sustainable Manufacturing Performance
The decline in the Manufacturing PMI, along with data from the Central Statistics Agency (BPS) showing that the manufacturing industry's growth rate slowed to 3.95% YoY in Q2 2024, down from 4.13% YoY in the previous quarter, highlights the need for policymakers to reassess this vital sector.
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