Indonesian manufacturing slows down as demand fizzles further

Workers producing noodles at a factory in Surabaya, East Java. Indonesia must double its average manufacturing growth of 4.5 per cent to become a high-income country. - AFP

JAKARTA: Indonesian manufacturers remain pessimistic about growth prospects as softening domestic demand continued to drag on output, purchasing and employment in June, which experts have cited as signs of the declining health of the goods-producing sector

The country’s manufacturing Purchasing Managers’ Index (PMI) slipped to 46.9 in June from 47.4 in May, marking its second-lowest reading since August 2021, behind April, of this year.