Jakarta: The IHS Markit Indonesia Manufacturing Purchasing Managers’ Index™ (PMI™) posted 50.9 in February, above the 50.0 no-change mark for the fourth month running.
However, it fell from January's reading of 52.2, signalling the weakest improvement in the health of the sector since last November.
"That said, the manufacturing sector remained relatively resilient in February, merely seeing a slowdown in growth rather than any outright contraction in output and new orders," IHS Markit Economics Director Andrew Harker said in a press release on Monday.
"Employment, meanwhile, continued to move closer to stabilisation," he added.
According to the survey results, firms remained strongly optimistic that output will increase over the next 12 months.
Hopes that the covid-19 pandemic will come to an end were central to positive expectations.
For the record, the Indonesian government has begun covid-19 vaccinations since January 13 and has administered covid-19 vaccinations to almost 1.7 million people as of Sunday.
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