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Tuesday, January 4, 2022

IHS Markit: Indonesia PMI slips in Dec, business conditions remain positive

JAKARTA, Jan — Operating conditions throughout the Indonesian manufacturing sector continued to enhance in December 2021, although the tempo softened since November amid provide points, a survey confirmed on Monday.

According to IHS Markit, headline manufacturing buying managers’ index (PMI) of the Southeast Asia’s largest economic system slipped to 53.5 final month from 53.9 in November.

Persistent provide constraints remain a key concern for the manufacturing sector, as vendor efficiency deteriorated additional and corporations reported steeper value pressures.

“It might be necessary to observe if this continues to have an effect on manufacturing, and even impacts the present progress momentum shifting ahead,” IHS Markit economics affiliate director Jingyi Pan stated in an announcement.

However, the most recent PMI knowledge represented a fourth straight month of bettering business conditions throughout the sector as buying exercise picked up.

“Overall sentiment remained extremely positive, with the extent of business confidence above the long-run common to recommend that producers remain optimistic about continued progress in manufacturing over the course of 2022,” Jingyi stated. — eNM

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