Suara.com – Bank Indonesia (BI) released figures for the manufacturing sector performance in the fourth quarter of 2020, which is estimated to improve, although it is still in a contractionary phase.
This is reflected in the Bank Indonesia Prompt Manufacturing Index (PMI-BI) of 47.29 percent, an increase from 44.91 percent in the third quarter of 2020 quoted on Thursday (14/1/2021).
Improvement occurred in almost all components forming the PMI-BI, especially the volume of production supported by faster acceptance of input goods and the number of workers.
By sector, the majority of sub-sectors recorded improved performance in the fourth quarter of 2020, especially the Base Metal Iron and Steel sub-sector, the Fertilizer, Chemical and Rubber Goods sub-sector and the Paper and Printed Materials sub-sector which were already in an expansion phase.
At the end of November, Indonesia’s Foreign Exchange Reserves Slightly Decreased to USD 133.6 Billion
In the first quarter of 2021, the performance of the manufacturing sector is expected to increase and is in an expansionary phase. PMI-BI in the first quarter of 2021 is estimated at 51.14 percent, an increase from the previous quarter.
The increase in PMI-BI was driven by components of total order volume, finished goods inventory volume and production volume which were in the expansion phase.
During this period, several sub-sectors are expected to be in an expansionary phase, namely the Food, Beverage and Tobacco sub-sector, the Cement and Non-Metallic Mineral Goods sub-sector, the Fertilizer, Chemical and Rubber Goods sub-sector and the Paper and Printed Materials subsector.
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