JAKARTA: Manufacture industry in the first semester of this year has managed to increase 6.13%, higher than last year growth of only 5.9%, making the Ministry of Industry optimists this year’s growth target of 7.1% could be achieved.
“The improved domestic market is still able to sustain the decline in exports to several country that become the main goal,” said Ministry of Industry Secretary General Ansari Bukhari after opening Jak-craft 2012, Tuesday (17/7).
He said the industry performance in the first 6 months of the year was mainly underpinned by growth in the cement industry as well as food and beverages. Meanwhile, steel and textile sectors recorded a slowdown due to a number of problems.
Apart from the raw materials shortage and industrial gas prices soaring, the industry's growth slowdown was due to prolonged financial crisis in some area such as European Union and United States.
So far, 42% of Indonesia's textiles are exported to the US and about 20% were absorbed by EU markets. Ansari said the government cannot predict when the performance of the industry will recover. (T07/aph)
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