Indonesia's Purchasing Managers Index Reached the Highest Level In The Last 23 Months

08 June 2018 | Author : Manufakturindo
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Indonesia's purchasing managers index (PMI) is able to reach highest level in the last 23 months. This is evidence the positevely movement of the national manufacturing industry. In addition, for four month past the domestic manufacturing production has continued to show imporvement and has been the longest expansion period since five years ago.


Viewed from the purchasing managers index in May 2018 which is able to reach the highest level, Indonesia is able to touch the PMI of 51.7 or up from 51.6 the previous month. The PMI is released by the Nikkei and Markit, and states if a country's PMI is above 50 points indicates that the manufacturing is expanding.


Quoted from the official website of the Ministry of Industry, referring to Central Bureau of Statistics (BPS) data, in the first quarter of 2018, large and medium-scale manufacturing industry in the country increased by 0.88 percent. This amount is higher than quarter IV / 2017 (quarter to quarter / q-to-q) or grew 5.01 percent from quarter I-2017 (year on year / y-on-y).


Furthermore, the non-oil / gas processing industry grew by 5.03 percent in the first quarter of 2018, an increase over the same period in 2017 of about 4.80 percent. The highest growth sectors were machinery and equipment industries at 14.98 percent.


Then the food and beverage industry occupies a growth rate of 12.70 percent, basic metal industry 9.94 percent, textile and apparel industry 7.53 percent, and transportation equipment industry 6.33 percent.


Minister of Industry affirmed, during this time it focuses on running an industry downstream program that consistently provides a chain effect on the national economy. The positive impacts are among others the increase in the added value of domestic raw materials, the absorption of local labor, and the acceptance of foreign exchange from exports.


The Ministry of Industry noted that the total investment of manufacturing industry (PMA and PMDN) in the first quarter of 2018 reached Rp62.7 trillion. The processing sector is able to contribute greatly to all investment value in Indonesia.


Meanwhile, in the first quarter of 2018, the manufacturing industry recorded export value of USD32 billion, up 4.5 percent compared to the achievement in the same period last year at USD30.6 billion.


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