Indonesian manufacturing growth lost momentum in February 2021 amid the disruption of the COVID-19 pandemic. On Monday (March 1), IHS Markit reported that Indonesia Manufacturing Purchasing Managers Index (PMI) fell to a three-month low of 50.9 in February 2021 from 52.2 a month earlier. Output grew the least in four months, and new orders expanded at the softest rate in three months. Meantime, export orders fell for the fifteenth month running, while employment shrank for the twelfth month in a row but at the slowest pace in the sequence.
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