00:00Indonesia's purchasing manager index in November was recorded at 49.6 points.
00:11Based on the global S&P release,
00:13Indonesia's PMI score rose slightly to 0.4 compared to last October's PMI manufacturer,
00:18which reached 49.2 points.
00:21Indonesia's manufacturer activity has not yet risen and experienced a contraction again in November 2024.
00:31This contraction extended the manufacturer's REI correction period to five months.
00:37The global S&P release purchasing manager index data shows that
00:41Indonesia's PMI manufacturer contracted 49.6 in November 2024.
00:47This figure is slightly better than October 2024.
00:52In short, Indonesia's PMI has experienced a contraction for five months in a row,
00:58from July 49.3, August 48.9, September 49.2, October 49.2, and November 2024 at 49.6.
01:12This five-month contraction confirms the fact that the REI manufacturer's condition is in a very good position.
01:19However, Indonesia's PMI score is recorded better than other ASEAN countries,
01:24such as Malaysia and Vietnam, which experienced a decrease from the previous month of 0.3 and 0.4.
01:32According to the spokesman for the Ministry of Industry, Febri Henri Antoni Arim,
01:36the increase in Indonesia's PMI manufacturer's score is more due to the resilience of the domestic manufacturing industry.
01:44As information, the PMI status, which has been contracted, has been steadily falling five times since July 2024.
01:52The Ministry of Industry estimates that a shortage of imported products, both legal and illegal,
01:56is still the cause of the contraction situation.
02:00As a result, the domestic market is flooded with imported products
02:03and has suppressed demands for products from the domestic industry.
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