JAKARTA - The Ministry of Industry projects that the non-oil and gas processing industry will experience a growth of 3.95 percent in 2021. This estimate is based on the assumption that the COVID-19 pandemic can be controlled and vaccines are gradually available in the community.
"This is an optimistic scenario in line with the progress of the national economic recovery carried out by the government and various stakeholders," said the Head of the Industrial Human Resources Development Agency (BPSDMI) of the Ministry of Industry, Eko S.A. Cahyanto in Jakarta, Sunday (29/11).
According to Eko, the GDP growth of the non-oil and gas processing industry will continue until the fourth quarter of 2020 in line with the increase in exports and Indonesia's manufacturing Purchasing Manager's Index (PMI) which has increased since October 2020. However, growth will still be contracted by around 2.22 percent.
The sub-sectors that support the improvement of national manufacturing performance during the current pandemic include the pharmaceutical industry, products, chemical drugs and traditional medicines, the chemical industry and goods made of chemicals, the basic metal industry, and the food industry.
Eko added, investment in the manufacturing industry could support the national economic recovery in 2021. Investment in the manufacturing industry is projected to grow by 22 percent next year or reach Rp323.56 trillion. (LM)