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.
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.

 

News Comment

Today's Industry

Minister of Women Empowerment and Child Protection I Gusti Ayu Bintang Darmawati (Source: PR of Cabinet Secretariat)

Minggu, 20 Juni 2021 - 18:45 WIB

Gov’t Unveils Strategies to Eradicate Child Labor

In a bid to protect children’s rights in Indonesia, Ministry of Women Empowerment and Child Protection has unveiled a number of strategies to eliminate child labor in the country.

Minister of Energy and Mineral Resources Arifin Tasrif. (Photo by: PR of Cabinet Secretariat)

Minggu, 20 Juni 2021 - 17:30 WIB

Gov’t Gears Up to Finalize Regional Energy Plan Next Year

The Government has pushed for the finalization of multi–sectorial energy policies in the form of Provincial Energy General Plan (RUED-P). The RUED-P is expected to be completed next year.

President Jokowi, accompanied by West Java Governor Ridwan Kamil, in Bogor regency from Pakansari Stadium in Cibinong sub-district, West Java province. (Photo: Bureau of Press, Media, and Information of Presidential Secretariat/Lukas)

Minggu, 20 Juni 2021 - 16:15 WIB

President Jokowi Inspects Mass Vaccination for Public and People with Disabilities at Pakansari Stadium

President Joko “Jokowi” Widodo Thursday (17/06) inspected mass vaccination at Pakansari Stadium in Cibinong sub-district, Bogor regency, West Java province.

President Jokowi inspects mass COVID-19 vaccination at Bogor Train Station, West Java (17/06/2021). (Source: YouTube Channel of Presidential Secretariat)

Minggu, 20 Juni 2021 - 15:47 WIB

President Jokowi Calls for Vaccination Acceleration in Areas with High Interaction and Mobility

In a bid to achieve community immunity or herd immunity, the Government is set to boost vaccination, especially in areas with high public interaction and mobility.

President Joko “Jokowi” Widodo Wednesday (16/06) inspected mass COVID-19 vaccination for workers in financial service sector held at Tennis Indoor Senayan, Jakarta

Kamis, 17 Juni 2021 - 20:10 WIB

President Jokowi Inspects Mass COVID-19 Vaccination for Workers in Financial Sector

President Joko “Jokowi” Widodo Wednesday (16/06) inspected mass COVID-19 vaccination for workers in financial service sector held at Tennis Indoor Senayan, Jakarta.