Manufacturing PMI Expands Again As Mobility Eases And Consumption Grows

Illustration (Photo: Doc. Antara)

JAKARTA - The government through the Ministry of Finance (Kemenkeu) said that the Indonesian manufacturing sector index or the Indonesian Purchasing Managers Index (PMI) was at an aggressive or expansive level.

Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance Febrio Kacaribu said the manufacturing PMI level in September 2021 was known to rise to 52.2.

"Indonesia's manufacturing PMI from the latest data is 52.2. This result is encouraging because not many countries have been able to achieve this due to the pressure caused by the delta variant,” he said in a webinar, Friday, October 1.

According to Febrio, the book at the end of September seemed to be a sweet closing after the first two months of the third quarter of 2021 the manufacturing PMI contracted with 40.1 in July and 43.1 in August, respectively.

“The manufacturing PMI in July and August came under pressure. However, last September the level has increased and is back on an expansionary path," he said.

In his notes, the achievements in September could not be separated from the government's decision to ease mobility in line with the decline in daily COVID-19 cases, which had spiked sharply due to the delta variant.

"This shows that consumption levels are also increasing which is expected to be a driver of economic growth," he concluded.