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Indonesia\u2019s manufacturing expansion rate has hit a new record as reflected in Indonesia\u2019s Manufacturing Purchasing Managers\u2019 Index (PMI) that stood at 55.3 in May this year.<\/p>\n
The figure released by HIS Markit grew significantly compared to that in April at 54.6. PMI above 50 shows that the industry sector is expansive.<\/p>\n
The expansive position is indicated by new demands, outputs, and the highest purchase rate increase in the last ten years of survey history.<\/p>\n
In fact, the workforce aspect has grown again after 14 months to fulfill the needs for increasing operational capacity.<\/p>\n
\u201cThank God, we are very grateful to and really appreciate industry players across the country who are still aggressive in running their business in the throes of the COVID-19 pandemic. The Government aims to continue creating a favorable business climate through a host of strategic policies,\u201d Minister of Industry Agus Gumiwang Kartasasmita said in Jakarta, Wednesday (02\/06).<\/p>\n
For the record, Indonesia\u2019s Manufacturing PMI in May was above those of ASEAN (51.8), Vietnam (53.1), Malaysia (51.3), Singapore (51.7), the Philippines (49.9), and Thailand (47.8).<\/p>\n
Indonesia\u2019s Manufacturing PMI also topped those of South Korea (53.7), Japan (53.0), China (52.0), and India (50.8).<\/p>\n
The Minister also pointed out that the growth of Indonesia\u2019s Manufacturing PMI marks the revival of the country\u2019s industry sector, which will propel the national economy.<\/p>\n
\u201cNot only did it break another record, but also we are optimistic that Indonesia\u2019s Manufacturing PMI also shows that our industrial growth in the second quarter of 2021 will remain positive,\u201d he said, adding that the achievement of the industry sector is the fruit of policies that have been on the right track.<\/p>\n
\u201cThe Government continues to align policy instruments to support industry players to run their business optimally,\u201d he said.<\/p>\n
In addition, the policies on incentives that the Government has implemented do not only facilitate business players, but also draw public demands so products of the national industry have a market again. For example, a fiscal incentive in the form of relaxation of luxury sales tax borne by the Government has managed to increase sales of four-wheeled vehicles by 150 percent.<\/p>\n