IHS Markit recorded Indonesia’s Manufacturing Purchasing Managers Index (PMI) for November 2021 at 53.9. Indonesia’s manufacturing continued its expansion in September and October which booked 52.2 and 57.2 respectively. This indicates that there is still an increased domestic demand. We also saw the recovery from Covid-19 to continue in November. Meanwhile, the declining rate of November’s manufacturing industry in line with declining foreign demand and low inventory rate.

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