Indonesia’s manufacturing is in “tentative” recovery

Indonesia’s manufacturing industry entered into an expansionary phase in February 2020. It was reflected by the Indonesian Manufacturing Purchasing Managers’ Index™ (PMI™) released by IHS Markit, showing an increase to 51.9, after had been struggling to exit contraction phase since June 2019. PMI points above 50 indicates the expansion of manufacturing. “The report gives optimism…

Seven strategies and seven challenges for Indonesia’s manufacturing

The government commits to keep upgrading the performance of Indonesia’s non-oil and gas manufacturing industry. The minister of industry has set seven strategic action to improve the competitiveness and strengthen the industry structure. At the same time, the minister also recognizes seven challenges, which currently is being faced in implementing industrial development program to achieve…