Indonesia Investments Report - March 2021 Edition: Light at the End of the Tunnel?
Update COVID-19 in Indonesia: 1,542,516 confirmed infections, 41,977 deaths (6 April 2021)
14 April 2021 (closed)
USD/IDR (14,146) -6.00 -0.04%
EUR/IDR (17,335) +57.05 +0.33%
Jakarta Composite Index (6,050.28) +122.84 +2.07%
Manufacturing Activity in Indonesia Contracts Further, Record Fall in Employment
As expected, Indonesia’s manufacturing activity contracted again in May 2020, albeit at a slightly slower pace. The latest IHS Markit Indonesia Manufacturing Purchasing Managers’ Index (or PMI) rose to a reading of 28.6 points in May 2020, up from the all-time low of 27.5 in April 2020. A reading below 50.0 indicates contraction in the country’s manufacturing activity, while a reading above 50.0 indicates expansion.
The COVID-19 pandemic was, again, the key cause of the manufacturing downturn in Indonesia as social and business restrictions resulted in the widespread closures of non-essential businesses. With these businesses closed, production continued to decline at a high rate, accompanied by a further substantial drop in total new orders, which was particularly dragged down by a sharp reduction in export sales.
Indonesia's Manufacturing PMI:
[...]
Read the full article in our May 2020 update. To purchase the report, please send an email to info@indonesia-investments.com or a WA text message to +62(0)8788.410.6944 for further information.
To view all our reports, click here
Price per edition:
• IDR 150,000
• USD $10
• EUR €10
• SGD S$15
Poll Indonesia Investments:
According to you at what pace will the Indonesian economy grow in 2020?
Voting possible: -
Results
- Lower than 0.0% (26.8%)
- Higher than 2.0% (17.9%)
- 0.5% - 1.0% (15.9%)
- 0.0% - 0.5% (15.8%)
- 1.0% - 1.5% (11.8%)
- 1.5% - 2.0% (11.8%)
Total amount of votes: 1025