The Ministry Of Industry Calls Optimism Of Entrepreneurs Has Started To Grow, Here's The Proof

Secretary General of the Ministry of Industry Eko SA Cahyanto. Photo: Theresia Agatha/VOI

JAKARTA - The Purchasing Manager of the Indonesian manufacturing's Index' (PMI) is still at the contraction level despite a slight increase of 0.3 points to 49.2 in September 2024, from 48.9 points in the previous month.

Secretary General of the Ministry of Industry Eko SA Cahyanto said, despite the contraction conditions, the increase in PMI in September 2024 showed the optimism of domestic entrepreneurs.

"Optimism is starting to grow. Although it has increased slightly, it shows that there is optimism among entrepreneurs, that this is something they see as potential," said Eko when met by reporters after the Industrial Strengthening agenda through Technology Optimization in Jakarta, quoted Wednesday, October 2.

According to him, the new order factor will trigger the increase in PMI and industrial confidence index (IKI) in September 2024.

"The new message has started. We just need to harmonize policies for the industry," he concluded.

As for this September, PMI Indonesia and the Philippines experienced an increase. Meanwhile, China's PMI contracted from level 50.4 in August 2024 to 49.3 points in September.

Japanese PMI in September 2024 also contracted to the level of 49.7 points. Thailand 50.4 points, Malaysia 49.5 points and ASEAN 50.5 points.

Meanwhile, in a written statement on Tuesday, October 1, 2024, Minister of Industry (Menperin) Agus Gumiwang Kartasasmita said, so that PMI can re-expansively, the industrial sector needs the right regulatory support from various ministries/agencies.

"So that the domestic industry can host in its own country," he said.

The policies needed by the manufacturing sector include the revision of Permendag Number 8 of 2024.

Then, the revision of the Draft Government Regulation (RPP) on Natural Gas for Domestic Needs and Regulations of the Minister of Finance regarding Anti-Dumping Imported ceramic tiles and Imported cloth Safeguard Measures (BMTP).