{"id":213156,"date":"2021-04-02T11:58:54","date_gmt":"2021-04-02T04:58:54","guid":{"rendered":"https:\/\/setkab.go.id\/?p=213156"},"modified":"2021-04-05T13:15:22","modified_gmt":"2021-04-05T06:15:22","slug":"indonesias-manufacturing-pmi-hits-record-high-at-53-2","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/indonesias-manufacturing-pmi-hits-record-high-at-53-2\/","title":{"rendered":"Indonesia\u2019s Manufacturing PMI Hits Record High at 53.2"},"content":{"rendered":"
\"\"

Source: Bureau of Press, Media, and Information of Presidential Secretariat<\/p><\/div>\n

Indonesia\u2019s manufacturing Purchasing Managers\u2019 Index (PMI) soared to 53.2 in March 2021, reflecting that the country\u2019s non-oil and gas processing industry progressed toward economic recovery in the first quarter this year.<\/p>\n

The index increased by 2.3 points from 50.9 in February 2021, the highest record in the last 10 years since the survey began in April 2011.<\/p>\n

\u201cThis is the result of industry players\u2019 hard work. Meanwhile, the Government went all out to support them. It is proven by Indonesia\u2019s increasing PMI for five months in a row,\u201d Minister of Industry Agus Gumiwang Kartasasmita said in Jakarta, Thursday (01\/04).<\/p>\n

The Minister added that while the COVID-19 pandemic hit Indonesia\u2019s economy, the Government has made policies and stimuli to revive businesses.<\/p>\n

\u201cAmid a difficult period, this significant increase shows that Indonesia\u2019s economy will rebound sooner,\u201d he remarked.<\/p>\n

The Minister also said that in ASEAN region, Indonesia recorded the best performance in the last five months and it was expected to boost the economic growth in the first quarter of 2021, adding that the Government has given various stimuli so that the manufacturing sector expands rapidly and continues to show a positive growth.<\/p>\n

One of the stimuli, he added, is a fiscal incentive, namely lower luxury goods tax borne by the Government for motorized vehicles.<\/p>\n

\u201cThis policy has been proven to boost the confidence of industry players and improve the people\u2019s purchasing power,\u201d he said.<\/p>\n

For the record, to boost sales of domestically manufactured motorized vehicles, the Government has granted a relaxation on luxury goods tax borne by the Government from 1 March to 31 December 2021 for four-wheeled vehicles with engine capacity up to 1,500 cc. The policy also applies to vehicles with engine capacity of 2,500 cc as of 1 April.<\/p>\n

By the end of March 2021, there has been a quite significant increase in sales of four-wheeled vehicles with engine capacity up to 1,500 cc. It rose by 140 percent from the sales in February 2021.<\/p>\n

\u201cWith the implementation of the policy on the relaxation of luxury goods tax borne by the Government, 102,000 units out of 152,000 units of vehicles with four wheels or more produced in January-February 2021 were sold in the same period,\u201d the Minister said.<\/p>\n

In the meantime, Economic Director of HIS Markit Andrew Harker underscored three important points regarding Indonesia\u2019s significant PMI increase in March 2021, namely the most drastic increase in output and new demands in a decade, stable employment, and the fastest increase in input since October 2018.<\/p>\n

\u201cThe manufacturing sector in Indonesia ended the first quarter of the year in a high note. Companies boosted their production to respond to the strongest new demands in a decade of survey,\u201d he said, adding that the there is an improvement record of the health sector pushed by new demands and output.<\/p>\n

\u201cThus far, both experienced the highest growth in a decade of survey period. The production has soared for five months in a row, with panelists in general relating the most recent expansion with new demands,\u201d he added.<\/p>\n

Previously, Indonesia\u2019s manufacturing PMI in January 2021 surpassed the manufacturing PMI of Vietnam (51.3), Thailand (49.0), and Malaysia (48.9).<\/p>\n

Meanwhile, ASEAN\u2019s manufacturing PMI in the beginning of the year is at 51.4. In fact, the manufacturing PMI of China decreased to 51.3 from 51.9 in the previous month. (PR of Ministry of Industry\/UN) (DH\/EP)<\/strong><\/p>\n

 <\/p>\n

The official website of Ministry of Industry can be accessed through this link<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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