Minister cautions of decline in national manufacturing PMI
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Jakarta, Nov. 24 -- Finance Minister Sri Mulyani Indrawati warns of a decline in the national manufacturing Purchasing Managers' Index (PMI) that was at the rate of 53.7 in September 2022, plummeting to 51.8 in October 2022.
Over the past 14 months, the index has always been at an expansive level. However, the level has started to show a decline in the last month.
"We need to be cautious of this decline because it involves very crucial manufacturing activities," Minister Indrawati stated at the press conference on November 2022's state budget performance and facts (APBN Kita), accessed here on Thursday.
However, the manufacturing and mining production capacity continued to increase, close to the rate before the COVID-19 pandemic hit, w...
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