The Ministry Of Industry's Release Of IKI As An Anticipation Of The Slowing Growth Of The Industry Sector

Secretary General of the Ministry of Industry Dody Widodo. (Photo: Doc. Kemenperin)

JAKARTA - The Ministry of Industry (Kemenperin) recorded a number of inhibiting factors for growth in the industrial sector this year. In the midst of the uncertainty of the global economy as it is today, the Ministry of Industry sees the need for monitoring of industrial conditions which are the main supporting sectors of the national economy. "In order to keep pace with the speed of global economic dynamics and challenges, the Ministry of Industry seeks to obtain accurate, complete, and up-to-date information on the condition of the manufacturing sector, one of which is through the construction of the Industrial Trust Index," said Secretary General of the Ministry of Industry Dody Widodo in Bandung, Monday, November 7. The Industrial Confidence Index or IKI is an index released by the Ministry of Industry at the end of November. IKI is an indicator of the level of confidence or level of optimism in the manufacturing industry towards economic conditions, which is also an illustration of the condition of the manufacturing industry and prospects for business conditions in the next six months in Indonesia. "The Ministry of Industry targets that IKI can be used to diagnose industrial sector problems and their solutions quickly and accurately," said Dody. Meanwhile, Head of the Data and Information Center (Pusdatin) of the Ministry of Industry Wulan Aprilianti Permatasari said the series of industrial confidence index development activities included a Kick off meeting on Monday, November 7 hybridly and Technical Guidance for the Filling of the Industrial Trust Index (IKI) on Tuesday, November 8, offline. "This kick off meeting is intended to socialize the Industrial Trust Index to the general public," he said. After that, said Wulan, his party will carry out a Focus Group Discussion (FGD) for IKI's own calculations. "Furthermore, after the reporting is complete, the Ministry of Industry will carry out a Focus Group Discussion (FGD) for calculating the value of IKI and launching IKI at the end of November 2022," he concluded. For your information, rising inflation, policy of lockdown due to the pandemic, the geopolitical situation of Russia-Ukraine, global economic dynamics, decreased commodity prices, decreased export volume, as well as scarcity of raw materials are factors that have an impact on industrial sector conditions. Therefore, the Ministry of Industry views the need for monitoring of industrial conditions which are the main supporting sectors of the national economy, one of which is by releasing the Industrial Confidence Index or IKI.