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BI: Business activity is increasing and predicted to remain strong

14 July 2022 12:35

JAKARTA - The results of the Business Activity Survey (SKDU) indicate an increase in business activity in the second quarter of 2022. This is reflected in the Weighted Net Balance (WNB) of 14.13%, higher than the WNB in ​​the first quarter of 2022 which was 8.71% .

The improvement in business performance is indicated especially in the Manufacturing Industry Sector; Trade, Hotel and Restaurant; and Transportation and Communication, in line with the easing of mobility restriction policies in various regions, the celebration of National Religious Holidays (HBKN) which stimulates demand, as well as the availability of production facilities.

In line with the development of business activities, used production capacity in the second quarter of 2022 was recorded at 73.22%, an increase from 73.08% in the previous quarter. The use of labor is indicated to be improving and is out of the contraction phase. The financial condition of the business world is also indicated to be improving compared to the previous period, particularly in terms of liquidity and profitability with easier access to financing.

In the third quarter of 2022, respondents predict that business activities will remain strong with a WNB of 13.75%. The continued strength of these business activities was driven by the performance of several sectors such as the Mining and Excavation Sector; and the Manufacturing Industry in line with the availability of production facilities and the Construction Sector according to historical patterns and increasing domestic demand.

Meanwhile, a slowdown occurred in the Agriculture, Plantation, Livestock, Forestry and Fisheries Sector, particularly the Food Crops subsector (including horticulture) in line with the historical pattern of the growing season. (LM)

 

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