Get password
   
Search Product
Please select
 
Services
Product Categories
Message Board
Partners




Co-Funded

more details..

Manufacturing Seen Picking Up in 2007


Saturday February 03, 2007

On manufacturing, Indonesia's manufacturing sector output is expected to grow a faster 7.9% in 2007, helped by higher consumption and lower interest rates, an Industry Department official said.

The government estimated that manufacturing probably grew 5% in 2006, less than a 6% official forecast made at the start of last year, partly due to weak domestic demand and high interest rates.  Manufacturing growth was 4.6% in 2005.

"We expect the manufacturing industry to grow around 7.9% this year.  The driver will come from private consumption, government expenditure and the construction sector," the department’s secretary general, Agus Tjahajana Wirakusumah, told Reuters on Thursday (18/1/07).
"The benchmark interest rate (BI rate) is expected to fall.  If lending rates fall, it will also help business operations as businesses depend on loans for their working capital and investments," he said.