JAKARTA - The Ministry of Industry noted that the Industrial Trust Index (IKI) in July 2023 remained at the expansion level. The achievement is 53.31 percent.
"IKI in July 2023 reached 53.31 (expansion) or a slowdown of 0.62 compared to June 2023 which reached 53.93," said Ministry of Industry spokesman Febri Hendri Antoni Arif when delivering the release of IKI July 2023 at the Ministry of Industry Building, Jakarta, Monday, July 31.
Febri said that the slowdown in IKI was due to seven sub-sectors experiencing contraction or 16.9 percent.
The seven sub-sectors are finished clothing sub-sectors, basic metals, wood goods and barges, non-metal excavations, installation of tools, textiles, and other processing.
This means, said Febri, there are several sub-sectors this July that have contracted but the IKI index remains high.
"So, still big in June 2023, it was caused by several large sub-sectors, namely, the food, beverage, and automotive industries, which experienced a fairly high increase in the index," he said.
He said, there were 16 sub-sectors that were at the expansion level with a Gross Domestic Product (GDP) portion of 83.1 percent.
This subsector includes the footwear industry, food and beverages, as well as chemicals and chemicals.
Of the 16 sub-sectors, three of them are the largest contributors, namely the automotive industry, the food industry, and the beverage industry.
"(The three) sub-sectors have high performance," he said.
Furthermore, said Febri, the increase in IKI in July was also caused by all IKI-forming variable indexes which experienced expansion in June 2023.
One of them is in product inventory variables from 50.34 to an increase of 50.44 percent.
VOIR éGALEMENT:
In IKI's research, the percentage of business actors who think the condition of their business activities has increased to reach 32.0 percent or higher than the percentage of business actors who stated that their business conditions had decreased by 22.6 percent.
Meanwhile, business actors who stated that their business conditions were stable in July 2023 had reached 45.4 percent, an increase slightly compared to the previous month which was 45.2 percent.
"The majority of respondents who answered are optimistic in expressing their confidence in market conditions that will improve and trust because of the central government's better policies," added Febri.
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