Holiday Season Spurs Manufacturing Industry

The manufacturing sector is expected to experience increased production expansion in November 2023, aligning with stronger market demand ahead of the Christmas and New Year holiday. The pace of factory operations is anticipated to accelerate accordingly.

Afiffah Rahmah Nurdifa & Nuhansa Mikrefin Yoedo Putra

2 Des 2023 - 22.08
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Holiday Season Spurs Manufacturing Industry

Workers are assembling vehicle components. /Dok. Hino

Bisnis, JAKARTA – The manufacturing sector is expected to experience increased production expansion in November 2023, aligning with stronger market demand ahead of the Christmas and New Year holiday. The pace of factory operations is anticipated to accelerate accordingly.

The Ministry of Industry (Kemenperin) reported that the Industrial Confidence Index (IKI) for November 2023 reached 52.43, reflecting an increase of 1.73 points compared to October 2023 with 50.70.

The IKI had seen a decline since its growth in June 2023 at 53.93, following a slight decrease in July 2023 to 53.31.

IKI dropped by 0.09 points to 53.22 in August, followed by a further decline of 0.71 points to 52.51 in September. October witnessed a more substantial decrease of 1.81 points.

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Holiday Season Spurs Manufacturing Industry

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