• last month
S&P Global mencatat, Purchasing Manager's Index (PMI) Manufaktur Indonesia di bulan September 2024, masih mengalami kontraksi di bawah 50, tepatnya berada di level 49,2. Indeks aktivitas manufaktur tersebut mengalami kenaikan tipis dibandingkan bulan Agustus yaitu 48,9. Namun demikian, laporan terbaru S and P Global tersebut juga menekankan, meski mengalami kenaikan PMI Manufaktur Indonesia menunjukkan penurunan marginal dan sedikit lebih lambat dalam 3 bulan terakhir.

Laporan S&P Global menyebutkan, panelis memberikan tanggapan bahwa kondisi permintaan pasar masih lamban dan aktivitas klien secara umum lebih rendah dibandingkan sebelumnya, pada tahun 2024 ini. Permintaan manufaktur global yang turun juga ikut membebani kinerja penjualan eksternal. Adapun kinerja ekspor baru mengalami penurunan tajam sejak bulan November 2022, dan telah berlangsung selama tujuh bulan berturut-turut.

Sementara itu, meski kondisi pengoperasian mengecewakan, perusahaan manufaktur masih mencatatkan kenaikan kecil pada lapangan kerja, untuk pertama kali dalam tiga bulan. Hal ini terkait dengan kepercayaan diri yang meningkat, seiring dengan harapan perusahaan bahwa keadaan pengoperasian pabrik bisa lebih stabil. Dan kepercayaan diri membaik ke posisi tertinggi dalam tujuh bulan pada bulan September 2024.

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Transcript
00:00This program is brought to you by SDI Media
00:31And don't forget to watch our live streaming at idxchannel.com
00:35And let's follow the market review of Pemirsa Indonesia
00:48Pemirsa Purchasing Manager Index or PMI Manufaktur Indonesia
00:52is still contracted under 50 in September 2024
00:57However, S&P Global reported that the Manufacturer Activity Index
01:01experienced a slight increase compared to August
01:04which is at level 48.9
01:11S&P Global reported that the Purchasing Managers Index or PMI Manufaktur Indonesia
01:15in September 2024 still experienced a contraction below 50
01:19which is at level 49.2
01:22The Manufacturer Activity Index experienced a slight increase
01:25compared to August which is at level 48.9
01:29However, S&P Global reported that the Manufacturer Activity Index
01:33experienced a slight increase compared to August
01:36which is at level 48.9
01:41S&P Global reported that the Manufacturer Activity Index
01:44experienced a slight increase compared to August
01:47which is at level 48.9
01:53S&P Global reported that the market demand is still slow
01:58and the number of clients is lower than before in 2024
02:04The demand of global manufacturers decreased
02:07due to external sales
02:10However, the new export demand experienced a sharp decrease
02:13since November 2022
02:15and has continued for 7 consecutive months
02:18Meanwhile, despite the disappointing condition of cooperation
02:21manufacturing companies still recorded a small increase
02:24in the job market for the first time in 3 months
02:28This is related to self-confidence which increased
02:31in line with the company's hope that the state of factory operations
02:35can be more stable
02:37And according to the latest data
02:38self-confidence returned to its highest position
02:40in 7 months in September 2024
02:43Jakarta Tim Liputan, IDX Channel
02:47Meanwhile, the Ministry of Industry
02:49considered the contraction of the Purchasing Managers' Index
02:52or PMI Indonesia's Manufacturer Index
02:54at 49.2 points or below the level of expansion
02:58The Ministry said this was because
03:00there is still no proper regulation to protect the domestic market
03:10Minister of Industry Febri Henri Antoni Arif said
03:13the contraction of the Purchasing Managers' Index
03:16or PMI Indonesia's Manufacturer Index in September
03:18at 49.2 points or below the level of expansion
03:20or 3 months in a row because there is still no proper regulation
03:24to deal with the domestic market
03:29Febri added
03:30the sluggishness of the export market
03:33cannot be balanced with the sluggishness of the domestic market
03:36Thus, a friendly policy is needed in the domestic market
03:40to protect the manufacturing products
03:42especially the Ministry of Trade Regulation No. 8
03:45where the PMI asked to be revised
03:48in order to make the domestic market rise
03:52This still involves the high import rate in Indonesia
03:56so he asked the port in East Indonesia
03:59to be implemented immediately to limit imports and be regulated
04:05From Jakarta Depirmansyah, IDX Channel
04:10Indonesia's Manufacturer Index
04:13And to discuss our topic today
04:15the effort to reduce the decline of the PMI Indonesia's Manufacturer Index
04:19has been connected through Zoom
04:21with us there is Prof. Telisa Aulia Valianti
04:23Professor of Economics and Business Faculty, Indonesia University
04:27and later will also join Mr. Abdul Sobut
04:29Chairman of the Association of Industry Mable and Indonesian Crafts
04:33or HIMKI
04:34and now we have been connected through Zoom
04:36with us there is Prof. Telisa Aulia Valianti
04:40Professor of Economics and Business Faculty, Indonesia University
04:43and later will also join us there is Mr. Abdul Sobut
04:46Chairman of the Association of Industry Mable and Indonesian Crafts
04:50or HIMKI
04:51I will try to connect these two sources
04:54Mrs. Telisa, good morning, how are you?
04:57Good morning, Mr. David
04:59Thank you, good morning too, Mr. Abdul Sobut
05:01How are you all?
05:03Thank you, Mrs. Telisa, for your time
05:05then there is Mr. Abdul Sobut
05:07Chairman of the Association of Industry Mable and Indonesian Crafts
05:10or in short, HIMKI
05:12Mr. Sobut, good morning, thank you for joining us
05:15Good morning, Mr. David
05:17and Mrs. Telisa
05:19Thank you
05:21Thank you, ladies and gentlemen, for participating this morning
05:25Our topic is quite interesting
05:27the effort to reduce the decline of the PMI Indonesia's Manufacturer Index
05:30I will connect to Mrs. Telisa first
05:33Mrs. Telisa, from some information that we have just conveyed
05:36the position of the PMI Manufacturer Index
05:39tends to decline in the last few months
05:41even though the latest data is still under expansion
05:44but there has been improvement from the previous month
05:47How do you see this condition
05:50if we also relate it to the global economic development
05:53and also from a domestic point of view
05:55Yes, that's right, if we look at the explanation of the S&P
05:58the decline of our PMI is one of them
06:00because the global sales are very sluggish
06:02the global demand is sluggish
06:04So, the PMI is our Manufacturer's Purchasing Index
06:09both domestically and globally
06:11The global demand is very sluggish
06:14So, this is in line with ASEAN
06:16So, in ASEAN, even though it is still in the 50s
06:20ASEAN's trend is also declining
06:23So, it's in line with ASEAN
06:25because ASEAN itself relies on the global market
06:27So, Indonesia is not alone in ASEAN
06:29Singapore is also experiencing a decline
06:31Thailand is also experiencing a decline
06:34Malaysia is also experiencing a decline
06:36However, the one that is still rising is the Philippines
06:38So, there are several different patterns
06:40But overall, ASEAN itself is experiencing a decline
06:43it is related to the global market
06:45So, what we have to be aware of is the decline
06:47even though it was true that September had improved
06:49better than August
06:51August is even more slow
06:53September has improved
06:54However, the message at the global level is still problematic
06:57So, it is stated there that
06:59a decline in the output and new messages
07:02So, the output is down, the production is down
07:04then new messages are also experiencing a decline
07:07only a small number of labor forces
07:09components are experiencing an increase
07:11So, overall, I see that the ongoing trend
07:14is still influenced by the global factor
07:16But we hope that this global will recover soon
07:19For example, when the Fed lowered the flower rate
07:22at least there is, what is it
07:24at a global level, there are positive sentiments
07:26but the global is still influenced by
07:28hire for longer and geopolitical conditions
07:30that are still heating up
07:32Okay, I will go to Mr. Sobor
07:35Mr. Sobor, from the business actor side
07:38who is directly involved
07:40how is the actual condition so far?
07:42what are the obstacles?
07:44or maybe there are some certain obstacles
07:46or maybe also from a global point of view
07:48it is still slowing down so far
07:56Hello, Mr. Sobor, can you unmute?
07:59Yes, good afternoon, Mr. David
08:03So, what was said earlier by the observers
08:09including you
08:11So, we feel once in the field
08:15that if we refer to the year 2013
08:20the leap is quite far
08:23we can read the data
08:26that maybe it could have reached
08:29its contribution at 28%
08:32or more perhaps
08:34in the last quarter that we saw
08:382024 is already close to 17%
08:42it means that 11% decline
08:45in the span of more or less
08:47about 13 years
08:50we can refute the data
08:52and what we feel in the field
08:54there is indeed a decline at the moment
08:56except in 2021
08:59indeed from the investment sector
09:02especially for exports
09:03we experienced a significant growth
09:05because at that time
09:07it was hit by economic changes
09:10that suddenly jumped
09:12especially in the USA
09:14after the pandemic
09:16they may not shop
09:18then suddenly in 2021
09:21they shop
09:22what is the term of the theory?
09:23pen up if I'm not mistaken
09:24so it's like a revenge shop
09:26which then experienced growth
09:29in this industry sector
09:31up to 27%
09:33so the anomaly is very high
09:36the growth
09:37so that it reached 3.4 billion dollars
09:40our average income
09:42then experienced a decline
09:44in 2022
09:46and to this day still experiencing a decline
09:49we evaluate the decline
09:51from the anomaly growth
09:53but on the other hand
09:55when in the country itself
09:58domestically too
09:59we feel there is a deflation
10:01and so on
10:02then the manufacturing sector
10:04is actually starting to appear
10:06especially the impact
10:09because there is a stronger global competition
10:12as soon as the government's policy
10:14is relaxed towards imports
10:17for example for strategic industries
10:19such as the furniture industry
10:21and other industries that are complex
10:23including textiles and footwear
10:25when relaxed
10:27it will definitely decrease
10:28because our manufacturers
10:31will experience a fairly deep resistance
10:33even have to do PHK
10:36for example, we can see
10:37the footwear industry
10:39garment, textiles, doing PHK
10:42it is recorded per day
10:44already more than 60,000 jobs
10:47that are housed
10:48and we feel this at once
10:50beyond what we have experienced
10:52that for example
10:54for the European Union market
10:55has not yet recovered
10:57even in the last time
10:59by wanting to do
11:02AUDR
11:04regulation
11:06owned by the European Union
11:09there are forest products
11:11it is very controversial
11:13and even today we see
11:15that there will be an impact
11:16but apparently from various countries
11:18including the United States and China
11:20have not agreed yet
11:21but like it or not
11:23that's their way
11:24to support their market
11:26from goods
11:29from outside the European Union
11:31including Indonesia
11:32will be affected
11:34we have to be prepared
11:35because of all that
11:36our industry is experiencing
11:39not just furniture and craftsmanship
11:41other industries
11:42I see with the PMI data
11:44it is very visible
11:46Okay, Mrs. Telisa, Mr. Sobur
11:48we will stop for a while
11:50later we will continue again
11:51and our interview will be back soon
11:53after the break
12:09PMI Manufaktur Indonesia
12:12Pemirsa is still in the market review
12:14and we are still discussing interesting topics
12:16efforts to reduce the decrease
12:17PMI Manufaktur Indonesia
12:19before we continue the discussion
12:21Pemirsa
12:22we will try to see first
12:23some graphic information
12:24which was collected
12:25by our reduction team
12:27let's just go to the first graphic
12:29PMI Manufaktur Indonesia April
12:31until September 2024
12:34in April still recorded 52.9
12:37then May at 52.1
12:40June at 50.7
12:42July and August
12:43it looks more tense
12:45in September
12:46there is improvement
12:47but still in the construction zone
12:50still below 50
12:51then
12:52let's go to the next graphic
12:53we will try to review
12:54the main findings
12:55S&P Global
12:56PMI Manufaktur Indonesia September 2024
12:59and earlier we also reviewed
13:01with Narasumber, Pemirsa
13:03first there is an output
13:04and a request to go down
13:06then self-confidence improves
13:08and the job market increases
13:10then the inflation rate goes down
13:11to the lowest position
13:13in the last 12 months
13:16let's go to the next graphic
13:18we will try to see
13:19some types of
13:20Manufaktur Indonesia industries
13:22the first is the food and beverage industry
13:25then there is pharmacy
13:27chemistry, metal and machine
13:29automotive, electronics
13:31textile industry
13:32and also textile products
13:34those are some graphic information
13:36that has been collected
13:37by our editorial team
13:38and hopefully it can be
13:40one of the references for you
13:42let's continue the discussion
13:44with Prof. Talisa Aulia Valianti
13:47a professor at FEB Universitas Indonesia
13:50and also Mr. Abdul Sobur
13:52General Chairman of the Association of
13:54Indonesian Crafts and Crafts
13:55or abbreviated as HIMKE
13:57Ms. Talisa, let's continue
13:59I agree with our theme this time
14:01the effort to reduce the decline
14:03of Indonesian manufaktur industries
14:05how is it?
14:07analysis or maybe also
14:09your view
14:11related to the effort to reduce
14:13the decline of Indonesian manufaktur industries
14:15even though it is still
14:17slowing down
14:18but there is already improvement
14:20from the previous month position
14:22especially if we relate to
14:23the position of global development
14:25up to this point
14:26yes, if I see it
14:28we have to try
14:29with the policies needed
14:31for the industry
14:32as mentioned earlier
14:33so I really agree that
14:35in the middle of a global slowdown
14:37if from the global side
14:38it was said earlier
14:39by Mr. Sobur too
14:40that it is very competitive
14:42because at least the domestic market
14:44that we can rely on
14:46in the global condition
14:47is a bit difficult
14:48even though the global market
14:50we still need to expand
14:51we still need to increase
14:52quality and market and so on
14:54but this domestic market
14:55we also have to secure
14:56in the sense that
14:58things that can be
15:00provided
15:01the product
15:02we also have to prioritize
15:03to the products
15:04our own manufaktur industry
15:06so that our PMI can increase
15:08because the manufaktur industry
15:09is a sector of formal employment
15:11that is what we need to realize
15:13to create income stability
15:14for the community
15:15well, because of that
15:16we have to
15:17policies like Permendap
15:19it was said earlier
15:20how to implement
15:22import control
15:23especially a lot of
15:24illegal imports
15:25through ports
15:28it's not official
15:29we have to
15:30push it
15:31there is also SIDAK-SIDAK
15:32so it is indeed
15:33pro to domestic
15:34and the second
15:35from the government's situation
15:36this is the last three months
15:37we have time
15:38October, November, December
15:39take advantage of the last three months
15:41so that our industry rebounds
15:42well, one of them
15:43in my opinion
15:44through the situation of goods and services
15:45in the government itself
15:46which can prioritize
15:47to domestic products
15:48make sure
15:49that it is indeed
15:50to domestic products
15:51our manufaktur industry
15:52because
15:53there are many stories
15:54that the PT is a domestic PT
15:55but actually the goods are imported
15:56things like that
15:57so
15:58it means that
15:59we need to make sure
16:00that this
16:01at least from the budget
16:02government
16:03from us
16:04by us
16:05for us
16:06so it's not always
16:07all for imported goods
16:08except for products
16:09that are not available
16:10which is indeed
16:11the quality
16:12or there are obstacles
16:13from the side
16:14is not available
16:15locally
16:16but for goods
16:17that are indeed filled
16:18locally
16:19we need to be pro
16:20to industrial products
16:21earlier
16:22one of them
16:23through the situation
16:24goods and government services
16:25to increase
16:26in my opinion
16:27our PMI
16:28is the closest
16:29then from the global side
16:30we do market intelligence
16:31to non-traditional markets
16:32to increase
16:33our industry
16:34like
16:35furniture
16:36craftsmanship
16:37actually
16:38still have their own market
16:39we also have
16:40free agreements
16:41we utilize
16:42those free agreements
16:43which are not optimal
16:44for example
16:45to increase
16:46our industry export
16:47so that our PMI
16:48can rise again
16:49so
16:50I see two sides
16:51from the domestic
16:52or to
16:54and the third
16:57so we will wait
16:58for these three months
16:59hopefully
17:00after our flower species
17:01decrease
17:02but unfortunately
17:03in the Middle East
17:04which is getting hotter
17:05getting hotter
17:06so the flowers decrease
17:07the Middle East gets hotter
17:08so that somehow
17:09can be compensated
17:10but we hope
17:11the positive impact
17:12from the decrease of flowers
17:13can increase
17:14the purchasing power
17:15at a global level
17:16like that
17:17so that our PMI
17:18can get better
17:19Okay, Mrs. Telisa
17:20Mr. Sobur
17:21from some things
17:22this initiative
17:23has been launched
17:24by the government
17:25but from the business
17:26side
17:27is this enough
17:28is it capable
17:29or maybe there are
17:30other things
17:31that should be
17:32paid more attention
17:33to
17:34in
17:35supporting
17:36Indonesia's
17:37PMI
17:38Yes
17:39that's right
17:40what Professor Telisa
17:41said earlier
17:42so
17:43our domestic
17:44must be
17:45really
17:46controlled
17:47don't let
17:48the existing
17:49cake
17:50be given
17:51with
17:52regulations
17:53that
17:54overload
17:55them
17:56if possible
17:57it must be difficult
17:58even
17:59so
18:00if we
18:01commitment
18:02for the
18:03development
18:04of the
18:05national industry
18:06then
18:07as big as
18:08the potential
18:09market in
18:10the country
18:11we
18:12control
18:13that
18:14yes
18:15many ways
18:16or strategies
18:17that can be
18:18done by the
18:19government
18:20will
18:21pay for the
18:22same thing
18:23we can see
18:24but for example
18:25for the
18:26furniture and
18:27crafts sector
18:28especially
18:29our imports
18:30have reached
18:31up to
18:321 billion
18:33dollars
18:34yes
18:35that means
18:3615 trillion
18:37it's a pity
18:38if we
18:39use it
18:40for the
18:41potential
18:42in the
18:43country
18:44it's
18:45equivalent
18:46dad and
18:47mom
18:48yes
18:49the
18:50point of
18:51the port
18:52doesn't have to be
18:53in Tanjung Priuk
18:54or Tanjung Mas
18:55Tanjung Perak
18:56just put it
18:57outside Java
18:58for example
18:59in Sulawesi
19:00or if it
19:01needs
19:02Papua
19:03we
19:04don't
19:05refuse
19:06but
19:07with
19:08argumentative
19:09reasons
19:10yes
19:11of course
19:12the
19:13second
19:14was
19:15said
19:16by
19:17Professor
19:18because
19:19inflation
19:20is big
19:21then the
19:22emerging market
19:23must be
19:24our target
19:25we
19:26ourselves
19:27try to
19:28enter
19:29now to
19:30the Indian
19:31market
19:32even to
19:33the Chinese
19:34market
19:35in fact
19:36they are
19:37good at
19:38manufacturing
19:39but
19:40not all
19:41can be
19:42done by
19:43China
19:44if
19:45in our
19:46case
19:47the
19:48road
19:49and
19:50so on
19:51based on
19:52local knowledge
19:53can actually
19:54enter
19:55that country
19:56the
19:57combination
19:58between
19:59what is
20:00called
20:01expansion
20:02for
20:03the
20:04market
20:05and
20:06maintaining
20:07the
20:08local
20:09market
20:10as optimal
20:11as
20:12possible
20:13taken
20:14by
20:15us
20:16for
20:17a
20:18long time
20:19actually
20:20this is
20:21competition
20:22that must
20:23be
20:24fixed
20:25but
20:26the
20:27components
20:28are
20:29many
20:30for
20:31this
20:32competition
20:33but
20:34the
20:35two things
20:36were
20:37significant
20:38the
20:39third
20:40was
20:41said
20:42by
20:43the
20:44professor
20:45in
20:46Indonesia
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