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Indonesian S&P Global Manufacturing PMI (Feb) 53.8 (Prev. 52.6)

Newsquawk Staff ·

Indonesian S&P Global Manufacturing PMI (Feb) 53.8 (Prev. 52.6)

What it means

The improvement in Indonesia's S&P Global Manufacturing PMI for February, rising from 52.6 to 53.8, suggests stronger expansion in the manufacturing sector. This uptick indicates potentially positive economic momentum, which could influence monetary policy decisions and strengthen the IDR against other currencies during the Asian session.

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