Indonesia's manufacturing activity registered a faster pace of expansion in February versus the previous month, according to the latest S&P Global Indonesia Manufacturing Purchasing Manager's Index (PMI) released on Monday.
The PMI climbed to 53.6 in February from 51.9 in January. A reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 signals contraction.
The growth was driven by higher volumes of output, growing at the fastest in almost a year. Production also rose at the fastest rate since May 2024.
Firms boosted staffing numbers to the greatest degree since survey data were first collected nearly 14 years ago, S&P said.
On the price front, rate of output price inflation was modest and softest in four months.
Looking ahead, the business confidence index improved to a three-year high for the upcoming 12 months, S&P added.
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