Indonesia’s Economic Performance Continues to Show Positive Trend in March 2021: Finance Minister
By : Nata Kesuma | Friday, April 23 2021 - 15:30 IWST

Minister of Finance Sri Mulyani Indrawati/ Photo by: PR of Cabinet Secretariat.
INDUSTRY.co.id - Indonesia’s economic performance has continued to show a positive trend in March this year, Minister of Finance Sri Mulyani Indrawati has said.
“In term of public consumption, which is the largest contributor to our gross domestic product (GDP), the consumer confidence index has recorded a significant increase from 85.8 in February to 93.4 in March this year. It shows the confidence of Indonesian consumers,” the Minister said in a virtual press conference, Thursday (22/04).
Sri also said that Indonesia’s Purchasing Manager Index (PMI) has continued to grow in the last five months. In March, the PMI was recorded at 5.32, an all-time high since April 2011.
“In March, the leading indicators showed improvement and you can see in this case everything is in a green zone. The leading indicators are an early indicator of Indonesia’s economic growth. The green zone represents positive economic activities,” she said.
The retail sales index in March 2021, she added, has reached 182.3. In the meantime, car sales grew by 10 percent year-on-year (yoy), electricity consumption grew by 3.3 percent yoy, and “google mobility” grew by 5 percent compared to that of February.
Sri went on to say that the investment sector is also predicted to show improvement, with cement consumption indicator seeing a positive growth by 11.4 percent yoy and the capital goods import indicator has recorded a positive trend.
The Minister further said that the export performance in March 2021 has recorded a significant increase of 30.2 percent yoy, while import performance has also recorded a positive trend with an increase of 26.40 percent yoy.
Today's Industry

Jumat, 01 Desember 2023 - 19:10 WIB
President Jokowi Pushes for Greater Role of CFSS Amidst Rapid Global Changes
In a bid to brace for various future scenarios and to quickly respond to any changes caused by the global dynamics, President Joko “Jokowi” Widodo has called for the stronger role of the…

Jumat, 01 Desember 2023 - 19:02 WIB
Indonesia Wins Awards at Gourmand Awards in Riyadh
Riyadh, Saudi Arabia - Indonesia has achieved outstanding achievement by winning two prestigious awards at the Gourmand World Cookbook Awards. These awards are part of the Saudi Feast Food Festival,…

Jumat, 01 Desember 2023 - 18:56 WIB
Mary Kay Expands to Hungary, Elevating Beauty and Empowerment in Central Europe
Mary Kay Inc., the iconic beauty brand and global advocate for women’s empowerment, is thrilled to announce its expansion into Hungary, a strategic move that marks the company's latest foray…

Jumat, 01 Desember 2023 - 18:53 WIB
Rizhao Economic and Technical Development Zone: Freehand Sketching Outlines a New Landscape
Rizhao, China - Recently, at the "Enterprises Boosting the Development of Villages" conference in Rizhao, the Donghanjia Village Freehand Sketching Workshop in Rizhao Economic and Technical…

Jumat, 01 Desember 2023 - 18:49 WIB
Promoting Cultural Exchange and Fusion: Narrating Suzhou's Shining Story on the Silk Road to the World
On November 16, "Suzhou's Shining Story on the Silk Road to the World" Online Communication Event, officially kicked off in Taicang, Suzhou. Suzhou, as a crucial city along the Belt and Road…
News Comment