NHKSI Research saw Indonesia’s Manufacturing PMI for September 2021 was recorded at 52.2, or back in the expansion zone, a sign of domestic economic recovery. We also projected the recovery to continue until the end of the year, due to the government’s success in handling the Delta variant in the past two months.
The government has been implementing more relaxed PPKM since August 2021, and in September 2021, manufacturing performance recovered and grew. Manufacturing PMI was contracted, at 43.7 in August 2021 and 40.1 in July 2021. Domestic economic recovery is also seen from improved public consumption. This is reflected in the Consumer Price Index for the core components in September which experienced an inflation.
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