Industrial Trust Index March 2023 Down To 51.87 But Still Expansive

Export illustration (Photo: Doc. Antara)

JAKARTA - The Ministry of Industry noted that the Industrial Trust Index (IKI) in March 2023 remained expansionary. The achievement was 51.87 or decreased by 0.45 compared to February which was 52.32.

"Industrial Trust Index (IKI) in March 2023 is still in the expansion phase, which is 51.87. This value is although it has slowed compared to IKI in February 2023 at 52.32, yes, once again it is still in the expansion stage," said Ministry of Industry spokesman Febri Hendri Antoni in Jakarta, Friday, March 31.

Febri said that the slowdown in the value of IKI was due to the average decrease in the value of IKI in the contraction sub-sector of 2.97.

With the decline in IKI this March, breaking the trend of increasing IKI since November 2022 with IKI 50.89, then increasing in December in the same year with the figure of 50.90.

Then, in January it increased to 51.54, February which again increased to 52.32 until finally slowing down in March to 51.87.

"Yes, so why did IKI in March 2023 go down because in the nine sub-sectors whose IKI contractions decreased," he said.

Meanwhile, the average increase in IKI value in 14 manufacturing industry sub-sectors, which this month's expansion is only 1.97.

He said, as many as 14 sub-sectors of the manufacturing industry, which are classified as well as the expansion level, with GDP shares for the non-oil and gas processing industry of 80.4 percent. Meanwhile, nine sub-sectors are still at the contraction level with GDP shares of 19.6 percent.

"The 80.4 percent GDP share is supported by expansion in sub-sectors that have a sizeable contribution, such as the food industry, the chemical industry, chemicals and the trailer motor vehicle industry and trailer types," concluded Febri.

For your information, the index is compiled from data and information from manufacturing companies spread over 23 types of industrial sub-sectors based on KBLI 2 digits.

The Ministry of Industry collects data and information online, which includes the development of industrial activities, the development of new order volume, development of production volume, development of product inventory volume, and business prospects in the next six months.