The Ministry of Finance (Kemenkeu) noted that the growth of Indonesia's manufacturing sector continued to develop positively. This is reflected in the Purchasing Managers' Index (PMI) in April 2022 which was at the level of 51.9, up from March which touched the level of 51.3. The increase in the Manufacturing PMI shows the effectiveness of the policy mix for handling the Covid-19 pandemic and the speed of vaccination is getting better.
Head of the Fiscal Policy Agency of the Ministry of Finance, Febrio Kacaribu, said that this effort gave the public confidence to carry out activities, especially in the face of Ramadan and Eid. "Together with the strengthening of exports, the strengthening of the manufacturing sector is expected to support Indonesia's economic growth performance in the second quarter of 2022," said Febrio, Wednesday (4/5). Furthermore, Febrio said that the sustainability of the economic recovery is expected to be maintained. In the midst of the geopolitical conflict, export demand for Indonesian manufactured products, particularly commodity-based products, increased in April, as reflected by export growth which reached 35.2% in Q1-2022.
Along with the increase in demand, business actors continue to increase their production capacity by continuously creating new jobs and increasing supplies. Job creation was recorded at the highest index in history, at least in the last 11 years. This trend is expected to continue so that the multiplier effect of the recovery in the manufacturing sector on improving overall economic conditions can continue to increase in a sustainable and inclusive manner. In general, Indonesian manufacturing industry players are still optimistic about the pace of future expansion. c Strengthening public consumption and export demand are expected to remain on a positive trend in the near future. However, rising price pressures will be a major risk for the continued pace of world manufacturing expansion, including Indonesia's. To maintain the momentum of economic recovery in general, both from the producer and consumer side, the government through the APBN also continues to support the sustainability of the PC PEN Program such as health care, community protection, basic necessities, BLT, and strengthening economic recovery.
Source: https://m.jpnn.com/news/kemenkeu-pemulihan-berlanjut-kinerja-sektor-manufaktur-terus-menguat?page=2
