Coordinating Minister for the Economy Airlangga Hartarto revealed that the domestic economy was still solid and was able to be an incentive in strengthening the output of the manufacturing sector. Purchasing Managers’ Index (PMI) Indonesian Manufacturing June 2023 is at an expansive level of 52.5.
According to him, domestic demand also increased. This increase supports the expectations of manufacturing companies to survive at a positive level. In addition, the increase in sales driven by domestic demand also became the main sentiment for the positive prospects of the national economy going forward.
“With the release of Pandemic status to endemic, economic activity has become normal. PMI (Purchasing Managers’ Index/PMI Manufacturing Indonesia) has increased to 52.5, and we have been 22 months in a row above 50, so this is expensive. Industrial Trust (IKI) in June 2023 reached 53.94 or an increase of 3.03 points compared to last month which amounted to 50.90, “Airlangga said at the CNBC Indonesia Economic Update, as in a written statement, Monday (10/7/2023).
The Ministry of Investment/BKPM data also revealed the contribution of the processing industry to the total investment of Indonesia in the first quarter of 2023 of 42.5% or reached IDR 328.9 trillion. This figure increased by 32.5% compared to the previous year. Meanwhile, in the first quarter of 2023, the contribution of the processing industry to the industrial sector as a whole reached 18.57%. This is the largest subsector of the contributor, the food and beverage industry of 6.47%.
Airlangga assessed that the government encouraged the national industry to be more open, it was because it had a long-term projection or more than the next 10 years. Indonesia has also shown resilience from the industrial sector, for example, the electronic and automotive industries. Last year, the automotive industry exported vehicles close to 400 thousand units to more than 80 countries.
July 10, 2023, detikFinance
(https://finance.detik.com/industri/d-6816052/indeks-manufaktur-ri-meningkat-ke-525-airlangga-ini-ekspansif)