Manufacturing Industry Performance Has Improved - Bank Sentral Republik Indonesia
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December 09, 2019

The latest Prompt Manufacturing Index - Bank Indonesia of 52.66% revealed further manufacturing industry expansion in the second quarter of 2019, rising slightly from 52.65% in the previous period. The manufacturing industry has expanded in line with manufacturing activity, as confirmed by the results of the Business Survey (SKDU) conducted by Bank Indonesia in the second quarter of 2019, which pointed to a weighted net balance (WNB) of 3.57%. The Manufacturing Industry gains were driven by an uptick of order volume to meet increasing demand.

The survey respondents predicted expansive manufacturing industry performance to persist in the third quarter of 2018 despite retreating slightly, as indicated by a moderate decrease in the PMI-BI to 52.11%. The respondents expected a bump in production volume to induce manufacturing industry expansion in the second quarter of 2019.

Comprehensive survey results are posted under the Prompt Manufacturing Index on the official Bank Indonesia website.

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