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Manufacturing Sector Rebounds, Imports of Raw and Auxiliary Materials Surge

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Release Date	:	May 3, 2021
File Size	:	1.17 MB

Abstract

Jakarta - The manufacturing sector began showing signs of good prospects after the impact of the COVID-19 pandemic, which was reflected by the surge in the manufacturing industry’s Purchasing Managers Index (PMI) in March 2021. The expansion of manufacturing sector in this month was triggered by the increase of market demand, which was affected by the recovery in social life and economy activities as the result of the COVID-19 vaccinations and various stimuli provided by the Government, such as zero percent down payment (DP) regulation and RWA Credit (Risk- Weighted Assets) reduction for motor vehicles.

The escalation of Jakarta’s manufacturing sector indicated by the rise in imports which was 23.28 percent compared to the previous month. In addition, this figure was the strongest growth of imports since August 2018, reaching 5,435.1 million US dollars.

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