The activity of the manufacturing industry sector in the country is considered to be quite stretched until the end of 2021. This is in line with the increase in production and demand for the export market. The positive industrial performance is reflected in the achievement of the Indonesian Manufacturing Purchasing Managers' Index (PMI) in December of 53.5 or still above the expansionary level of 50. This figure is based on the results of the IHS Markit survey.
"We appreciate the confidence of the manufacturing industry players who are still high. In fact, they remain optimistic this year in line with the government's determination to carry out various strategic policies to create a conducive business climate," said Industry Minister Agus Gumiwang Kartasasmita in Jakarta, Monday (3/03). 1). Agus conveyed that the Ministry of Industry remained focused on spurring industrial downstreaming to increase the added value of natural resources in the country. This effort is considered to have made a major contribution to the national economy. Among them, the creation of employment opportunities and foreign exchange earnings from exports, which lead to public welfare. "As stated by President Joko Widodo, the national economy is starting to recover and is strong again. This is indicated by our trade balance which is a surplus of USD 34.4 billion, and the surplus condition can be maintained for 19 months. Our exports have also increased year on year. year (yoy) to 49.7 percent," said Agus. Agus said that so far the manufacturing industry sector has consistently contributed the most to the achievement of the national export value. In January to November 2021, the export value from the manufacturing industry reached 160 billion US dollars or contributed 76.51 percent of total national exports. This figure has exceeded the achievement of manufacturing exports throughout 2020 of Rp. 131 billion. Even higher than the export achievement in 2019.
Compared to January-November 2020 (c-to-c), the export performance of the manufacturing industry in January to November 2021 increased by 35.36 percent. The export performance of the manufacturing sector at the same time maintains the trade balance surplus that has been printed since May 2020.
