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Indonesia's Manufacturing Purchasing Manager's Index continued to rise in January, thanks to higher levels of both output and new orders. The S&P Indonesia Manufacturing PMI rose to 51.3 in January from 50.9 in December 2022. Readings above 50 indicate an expansion, while below 50 signals contraction. Production expanded during the months amid higher demand for Indonesian manufactured goods. The new export orders, however, declined for an eighth straight month to a marked degree. Cost pressures persisted, the report said.   Source : https://www.marketscreener.com/news/latest/Indonesia-s-Manufacturing-Activity-Quickens-in-January--42864638/

Indonesia’s economy grew 5.31 per cent in 2022, the highest in almost a decade, marking a return to its growth patterns before the COVID-19 pandemic. Announcing the 2022 growth ­gures, head of the statistics agency Margo Yuwono said that last year’s growth was the highest since 2013 when it was about 5.7 per cent. The growth is in line with the projection by the Indonesian central bank of between 4.7 per cent to 5.5 per cent for 2022. The quarterly GDP ­gures for Indonesia showed that the Southeast Asia’s biggest economy grew by 5.01 per cent in the ­final quarter, a decrease compared to 5.72 per cent in the third quarter of 2022.    Source : https://www.channelnewsasia.com/asia/indonesia-posts-531-gdp-growth-2022-3257071

Lessor Avolon this week joined other stakeholders in warning that a shortage of commercial aircraft is a growing theme around the world amid “endemic” delays to the delivery of new jets. Earlier this month, Airbus said it delivered 661 commercial aircraft in 2022, falling nearly 40 short of a conservatively revised target, while data released this week shows Boeing produced far fewer 737s in 2022 than it had planned to.   Source : FlightGlobal

“We are still seeing a 40% drop in current manufacturing orders,” said Alan Baer, CEO of OL USA. “The fi­rst quarter is going to be challenging.” Orders continue to be down, based on CNBC reporting, with the high inventories and a lack of consumer demand. The decrease in orders is based on what the factories normally receive from companies.   Source : https://www.cnbc.com/2023/01/13/4-troubling-global-trade-trends-flashing-consumer-weakness-recession.html

Shanghai's economy contracted 0.2% in real terms for 2022, marking the city's ­first negative growth since tracking began in 1978. The downturn from 2021's 8.1% growth resulted largely from Shanghai's two-month lockdown last spring under China's strict zero-COVID policy. The move forced factories to suspend production and disrupted supply chains. Shanghai residents were required to stay home during this period, which squeezed consumer spending. Total retail sales in the city, including through online channels, dropped 9.1% last year. Shanghai's tourism sector continued to suffer even after the lockdown ended in late May, due to restrictions on indoor dining and on long-distance travel within China. The city's hotels and restaurants saw a 22.4% drop in revenue. Online sales fell 3.9%.   Source : https://asia.nikkei.com/Economy/Shanghai-economy-shrinks-1st-time-ever-on-COVID-lockdown

A direct flight from China landed in Indonesia’s resort island of Bali for the fi­rst time in nearly three years on Sunday after the route was suspended due to the pandemic. Indonesia is targeting 255,000 tourists from China in 2023. Indonesia recorded 94,924 visits from China from January to October 2022. More than 2 million tourists from China visited Indonesia each year before the pandemic. The return of Chinese tourists is expected to support the overall target of foreign tourist arrivals this year. Indonesia aims to record 3.5 million to 7.4 million foreign visits, said Sandiaga Uno, the Minister of Tourism and Creative Economy, in a statement Friday. China is one of the largest markets for inbound tourism in Indonesia.   Source : https://www.voanews.com/a/bali-welcomes-first-flight-from-china-as-covid-rules-ease/6929176.html

Indonesia’s trade surplus hit a record high of USD 54.46 billion last year amid a global increase in commodity prices and a disruption to the global supply chains as a result of the Russia-Ukraine war. The surplus was a 53.75 per cent increase from the USD 35.42 billion in 2021. It was caused by increases in prices and export shipments of commodities like coal, crude palm oil and iron.   Source : https://www.channelnewsasia.com/asia/indonesia-trade-surplus-increase-record-high-2022-3210926

The port of Shanghai retains its position as the world’s largest container port in 2022. Last year, container volume at Shanghai port exceeded 47.3m teu, maintaining crown the world’s number one container port for 14 consecutive years. However, last year the Chinese port only saw marginal growth over 2021 when it handled 47m teu. As of the end of November 2022 Shanghai port’s largest rival Singapore had handled 34.02m teu. Playing a key role in Belt and Road Initiative and the integrated development of Yangtze river delta, Shanghai port has deepened cooperation with other ports and promoted cooperation between port and shipping lines. The newly opened Northeast Asia Empty Container Distribution center e­ectively improved service capacity of the industry. To bring region advantages into full play, Shanghai port newly established or operated several container companies at Huai’an, Lianyungang, Jiangxi, Wuhan and Lvsi, jointly providing comprehensive services for the nation’s dual circulation strategy.   Source: Seatrade Marinetime