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Jakarta Post

New investments expected to boost manufacturing sector in H2

  • Rachmadea Aisyah

    The Jakarta Post

PREMIUM
Jakarta   /   Thu, August 8, 2019   /  03:10 pm
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Vice President Jusuf Kalla (right) visits Toyota Indonesia’s booth at the Indonesia Convention Exhibition in Serpong, Tangerang, Banten, on July 18. Indonesia's manufacturing sector grew 3.98 percent in the second quarter.(Antara/Muhammad Iqbal)

New investments are expected to prop up the growth of the country’s manufacturing sector that continued to show a downward trend in the first half. The manufacturing industry booked 3.98 percent growth in the second quarter, much lower than the GDP growth of 5.05 percent in the same period last year, according to the latest manufacturing data issued by Statistics Indonesia (BPS). The figure is lower than the 4.27 percent recorded in the second quarter, although it improved slightly from 3.93 percent in 2017. The second quarter figure brings the growth of the manufacturing sector to a modest 4.39 percent in the first half, a far cry from the annual target of 5.4 percent. The growth in the chemical and pharmaceutical industry saw a 0.22 percent decline as opposed to 4.10 percent increase in the first quarter. A similar downturn was also seen in the textile and garment indust...