The Center of Economic and Law Studies (Celios) estimates that manufacturing performance will return to the expansion zone or index above 50 in September 2021.
"The hope is above 50, at least it will enter the expansion level in September 2021," said CELIOS Director Bhima Yudhistira.
Bhima said that this optimism was based on the condition of manufacturing performance in August 2021, which had already started to show improvement. Plus, when viewed from the import of raw materials and capital goods, there is an encouraging increase in August 2021.
As we know, in August 2021, the government has begun to loosen strict restrictions, along with the decline in the daily number of Covid-19 cases. Hopefully, this will continue in September 2021.
In addition, manufacturing performance which is predicted to increase in September 2021 is also in line with the Christmas and New Year moments at the end of the year. Usually, starting that month, the processing industry has started to increase production.
“Preparations for Christmas and New Year's moments too. There is hope that the easing of restrictions will continue and in December 2021 household consumption will improve, so that the demand for manufactured products will increase," said Bhima.
Even from abroad, it seems that demand from Indonesia's trading partner countries such as the United States (US) and China is also still increasing. Especially for the automotive, textile, and also food fields.
Bhima asked the government to continue to maintain this momentum, by providing incentives to the manufacturing sector, especially those that are export-oriented. Because even this will provide a multiplier effect for positive economic development.