Chief Economic Minister: Economic Recovery Continues in Q2
By : Nata Kesuma | Tuesday, May 18 2021 - 20:01 IWST

Coordinating Minister for Economic Affairs Airlangga Hartarto
INDUSTRY.co.id - Indonesia’s national economy will continue to recover and show an upward trend in the second quarter of 2021, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.
“Our economy grows like a V-curve. We hope that the economic growth in the second quarter will be positive and it has been forecasted to reach seven percent,” he said in his press statement online, Saturday (15/05).
According to Airlangga, the recovery is reflected by various indicators, including manufacturing PMI and consumer confidence index.
“The PMI has reached 54.6. Consumer confidence index has also come close to the normal index at around 90 moving toward 100,” he said, adding that exports and imports have also begun to go back to normal, including Government spending that is on the positive lane.
“Several sectors, including information and communications, health care services, agriculture, property, and other industries have moved to a positive direction and seen a quite significant increase with the Government-borne luxury goods sales tax and value-added tax,” he said.
Airlangga added that Gross Fixed Capital Formation (GFCF) in the first quarter of 2021 contracted only negative 0.23 percent.
“We noticed that our GFCF has come close to zero or negative 0.23 (percent), the export is 6.74 percent, which is even higher than before COVID-19. Likewise, capital goods and consumer goods import is at 5.27 (percent),” he said, adding that the spatial economic growth has also improved as the domestic economy improves.
The Minister further said that economic growth in Sumatra island has begun to move to a positive lane at negative 0.86 percent, the growth in Java island at negative 0.83 percent, and the growth in Kalimantan island at negative 2.23 percent.
Meanwhile, several parts of central and eastern Indonesia have had a positive growth, he added.
“(The economic growth in) Sulawesi island has reached positive 1.2 percent. In fact, Maluku and Papua islands have reached 8.97 (percent). It certainly was boosted by commodity prices, including palm oil, rubber, nickel, copper, and coal,” Airlangga remarked.
Read Also
Inter Sectors Collaboration in Strengthening SMEs, Key for Post-Pandemic…
Collaboration and Innovation, Key to support Inclusive Economy Growth
President Jokowi Invites US CEOs to Boost Cooperation with Indonesia
President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President
Supporting New Economy Chance, DPR Urges Policy Making Based on Reseach…
Today's Industry

Selasa, 05 Juli 2022 - 11:56 WIB
JAKPAT Research: GoFood, the Most Used Online Food Delivery Application
Although GoFood is not the online food delivery app that gives promo and discount the most, GoFoodstill maintains its market leadership as the most used Online Food Delivery (OFD) application.…

Selasa, 17 Mei 2022 - 14:00 WIB
NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics
The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

Selasa, 17 Mei 2022 - 11:23 WIB
TPE unleashes benefits for pet accessories
The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Jumat, 13 Mei 2022 - 16:15 WIB
Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021
Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…

Jumat, 13 Mei 2022 - 15:45 WIB
Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022
PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…
News Comment