Indonesia’s economy sees positive signals in Q1

Indonesia's strengthening of the manufacturing Purchasing Managers' Index (PMI) is indicative of optimism among business actors, head of the Fiscal Policy Agency of the Ministry of Finance Febrio Kacaribu stated.

Tuesday, April 04, 2023 19:47

Jakarta (VNA) - Indonesia's strengthening of the manufacturingPurchasing Managers' Index (PMI) is indicative of optimism among businessactors, head of the Fiscal Policy Agency of the Ministry of Finance FebrioKacaribu stated.

Kacaribusaid the manufacturing industry, which continues to be expansive, reflects thestrength of Indonesia's economy amid the global economy that is stillovershadowed by the trend of slowdown and uncertainty, reported Indonesia’s Antara news agency.

The local manufacturing sector has consistently expandedthroughout the first quarter, with the PMI indicator increasing to a level of51.9 in March from 51.2 in February.

According to Kacaribu, there are indications that the levelof domestic demand has continued to increase, supporting manufacturingproduction activities in the midst of relatively strained export demand.

In addition, distribution and logistics have continued toimprove in the last two months and been able to boost production activities inthe country./.

VNA

# Indonesia #manufacturing Purchasing Managers' Index #Febrio Kacaribu #vietnam news agency #vietnamplus

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