Indonesia factory activity improves in Q3 but remains below pre-pandemic level

Workers make face masks at a factory of PT Jayamas Medica in Jombang, East Java, on March 18. - Antara

JAKARTA (The Jakarta Post/ANN): Factory activity in Indonesia showed signs of improvement in the third quarter after recording the deepest slump ever in the previous quarter, as the reopening of the economy jacked up output and new orders, according to a Bank Indonesia (BI) survey.

BI’s Prompt Manufacturing Index (PMI-BI) was recorded at 44.91 per cent in the third quarter, up from its lowest level ever at 28.55 per cent in the second quarter.