Indonesia’s Manufacturing PMI Reports Record High at 54.6

By : Nata Kesuma | Friday, May 07 2021 - 06:00 IWST

Manufacturing PMI (Photo by: Press Media and Information Bureau of the Presidential Secretariat)
Manufacturing PMI (Photo by: Press Media and Information Bureau of the Presidential Secretariat)

INDUSTRY.co.id - Amid the impact of COVID-19 pandemic, Indonesia’s manufacturing productivity continues to improve.

The Government has also announced it continues to spur industrial activity to accelerate national economic recovery (PEN) and to meet domestic needs and exports.

“So far, non-oil and gas manufacturing industry sector plays an important role to boost national economy. Therefore, ever more attention is needed to improve its performance,” Minister of Industry Agus Gumiwang Kartasasmita said Wednesday (03/05/2021).

The increased manufacturing productivity, he added, is reflected in the improvement of Indonesia’s manufacturing Purchasing Managers’ Index (PMI).

As reported by IHS Markit, Indonesia’s Manufacturing PMI in April hit 54.6 level, which means there is a significant increase compared to that in March at 53.2 level.

For two consecutive months, the PMI hit its highest record. The figure above 50 means that industrial sector in Indonesia is growing expansively.

For the record, Indonesia’s Manufacturing PMI slumped to its lowest point in April 2020 at 27.5.

Agus noticed that the current expansive condition of Indonesia’s manufacturing PMI is one of the economic indicators that shows betterment as well as trust from business and industry sectors in the Government policies.

The Minister also expressed his gratitude and appreciation to industry players for continuing to run their businesses that can bring extensive multiplier effects for the economy, job creation, and foreign exchange.

In order to maintain this excellent industry performance, the Government, he added, is determined to create a favorable business climate by facilitating business licenses, granting incentives and stimulus, and implementing Law on Job Creation.

Related to Indonesia’s manufacturing PMI in this fourth month, IHS Markit also reported that Indonesia’s output, new demand, and purchases hit historically unprecedented levels during a ten-year survey period. 

 

 

News Comment

Today's Industry

The President Director of AtriaDC, Angelo Syailendra, and the Company’s Chief Operating Officer, Christine Ratna, during discussions with media at the Media Briefing event held in Jakarta on Monday (15/08/2022). (Photo by: AtriaDC Public Relations)

Rabu, 17 Agustus 2022 - 21:44 WIB

Optimizing Digital Business Growth, AtriaDC Prepares Rp2.2 Trillion Investment for ESG Data Center

AtriaDC, the environmentally friendly data center service provider company, focuses on developing data center assets with a high-speed and reliable transmission network within the city (edge).

 Mr. Nguyen Trung Khanh, Chairman of the Vietnam National Administration of Tourism.

Selasa, 16 Agustus 2022 - 08:50 WIB

Mekong Tourism Forum 2022: Rebuild Tourism, Rebound with Resilience Quang Nam, Vietnam, 12 – 13 October 2022

The Mekong Tourism Forum 2022 will return as a face-to-face event 9-14 October at Hoiana Resort & Golf (Hoiana), Quang Nam province, adjacent to Hoi An city, in central Vietnam.

President Jokowi receives an award from Director General of the International Rice Research Institute Jean Balié, at the State Palace, Jakarta, Sunday (08/14). (Photo by: BPMI of Presidential Secretariat/ Kris)

Selasa, 16 Agustus 2022 - 08:30 WIB

IRRI Affirms Commitment to Support Indonesia’s Food Security

The International Rice Research Institute (IRRI) affirmed its commitment to support Indonesia’s food security program.

(L – R) Galumbang Menak, CoFounder of Nusatrip and Dennis Nguyen, Founder, Chairman, and Chief Executive Officer of Society Pass

Senin, 15 Agustus 2022 - 23:20 WIB

Society Pass (Nasdaq: SoPa) Marks First Foray into Indonesia by Acquiring Jakarta-based NusaTrip, Indonesia’s First International Air Transport Association-Accredited Online Travel Agency

The NusaTrip acquisition extends SoPa’s business reach into the booming SEA regional travel industry and marks SoPa’s first foray into Indonesia as well as adds to SoPa’s growing ecosystem…

PT Cerestar Indonesia Tbk (“TRGU”)

Senin, 15 Agustus 2022 - 22:59 WIB

Newly IPO, TRGU Has Reached 99% of the 2022 Net Profit Target

PT Cerestar Indonesia Tbk (“TRGU”), a producer of wheat flour which newly listed its shares on the Indonesia Stock Exchange last July, managed to record a net profit of IDR19.69 billion…