ANALISIS DAMPAK RUPIAH EXCHANGE RATE DAN INFLATION TERHADAP MANUFACTURING SECTOR STOCK INDEX (PERIODE JANUARI 2016-DESEMBER 2020)
Abstract
This study aims to analyze the effect of the rupiah exchange rate and inflation on the stock index of the manufacturing sector. The data source in this research is secondary data. The research sample consisted of 180 data, each consisting of 60 data on the Manufacturing Sector Stock Index, Rupiah Exchange Rate, and Inflation obtained from the number of months for January 2016-December 2020. This study uses the Multiple Regression Analysis technique with the Ordinary Least Square equation. The dependent variable in this study is the Manufacturing Sector Stock Index, and the independent variables are the Rupiah Exchange Rate and Inflation. Individually, the Rupiah Exchange Rate and Inflation variables do not affect the Manufacturing Sector Stock Index. On the other hand, simultaneously, the Rupiah Exchange Rate and Inflation variables positively and significantly affect the Indonesian Manufacturing Sector Stock Index during the study period.