Wednesday, 11 November 2020 08:57

Manufacturing Industry Expected to Return to Expansion in Quarter IV 2020

The government estimates that the performance of the manufacturing industry can return to positive or reach an expansionary level in the fourth quarter of 2020. This is indicated by a number of indicators of increased production and investment. Industrial performance is expected to continue to improve, after the manufacturing industry grew 5.25% in the third quarter of 2020 compared to the previous quarter. This achievement is considered positive, because in the second quarter Indonesia has reached its lowest position.

"In the second quarter we were at the rock bottom phase, hopefully in the future we will continue to show the recovery process," said Minister of Industry Agus Gumiwang Kartasasmita in a Talkshow update from the Committee for Coronavirus Disease 2019 and National Economic Recovery (KPCPEN), Monday (9/11).

On the other hand, the October Manufacturing Purchasing Managers Index (PMI) was 47.8. This figure edged up from 47.2 in September 2020 and at the start of the pandemic in March-April which touched a low of 27.5 points. So that in the fourth quarter of 2020, he estimates that the PMI will return to 50 or reach an expansionary level. Moreover, many companies have applied for an Operational Permit and Industrial Activity Mobility (IOMKI). This shows that the industry's resilience or adaptability in the midst of difficult situations is quite high. When compared to the second quarter of 2020, the stretching of the industrial sector in the third quarter clearly shows growth. However, when compared to the same period the previous year, this year the industrial sector is still under pressure.

Source: https://katadata.co.id/ekarina/berita/5faa9df048d56/industri-manufaktur-diprediksi-kembali-ekspansif-kuartal-iv-2020?utm_source=Direct&utm_medium=Homepage&utm_campaign=Indeks%20Pos%201

 

 

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