Institute for Research on Economics and Society – Faculty of Economics and Business – University of Indonesia

Economic Analysis Series: Trade and Industry Brief, August 2023

Last August, Indonesia's Manufacturing Purchasing Managers' Index (PMI) reached 53,9, the highest record in the last two years. This improvement
In general, it indicates positive sentiment about the revival of the national manufacturing sector. However, there are two PMI components whose values ​​are still relatively low and need further attention, namely Receipt of Input Orders and Number of Employees. This Trade and Industry Brief briefly discusses how to maintain and take advantage of the positive momentum of the manufacturing industry while encouraging improvements in components whose value is still low. This policy brief also discusses Indonesia's trade performance, which last July recorded a surplus of USD1,31 billion. The information used in this policy brief was obtained from BPS-Statistics Indonesia, Bank Indonesia, IHS Markit, and other sources.

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