Processing Industry: Saving Manufacturing Sector

In November 2023, Bank Indonesia (BI) reported that the private external debt was valued at $196.2 billion, marking a contraction of 3.2% year-on-year (YoY), which was deeper than the 2.3% YoY contraction observed in the previous month.

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16 Jan 2024 - 18.56
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Processing Industry: Saving Manufacturing Sector

The process of loading and unloading containers at the port. Bisnis/Eusebio Chrysnamurti

Bisnis, JAKARTA – The processing industry is facing challenges. Elevated inflation is restraining demand in international markets, and the weak purchasing power is restricting orders in the domestic market.

Evidence of this was highlighted in the recent data from the Central Statistics Agency (BPS) on Monday (15/1), revealing that the export value of the manufacturing industry amounted to only $186.98 billion. This marked a 9.26% decline compared to the previous year, which recorded a value of $206.07 billion.

Sectors closely linked to manufacturing, such as mining, agriculture, forestry, and fisheries, have also experienced a contraction in exports.

Industry players are experiencing a reduction in expansion opportunities due to the unsatisfactory sales performance in the past year.

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Processing Industry: Saving Manufacturing Sector

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