JAKARTA. The increasing capital goods import from April to June 2021 is being indicative of improved investment performance in Q2 2021.
The economist of the Center of Reform on Economics (CORE) Indonesia, Yusuf Rendy Manilet, reveals that there have been increases reported in capital goods import for three months in a row, from April to June 2021. “Even in June, the capital goods import growth reaches 43% year-on-year (yoy), which is also the highest surge throughout the first half of 2021,” Manilet adds, as quoted by Bisnis last week.
Manilet explains that this import growth signifies an investment as capital goods include machines and technical equipment, two of the investment components. Furthermore, the realisation of state capital expenditure until June 2021 also grows significantly compared to the same period last year.
However, Manilet also predicts the investment realisation for the next quarter to potentially stagnates as the economic recovery process slows down following the rise of COVID-19 cases. (AM/ZH)