Wednesday, 25 March 2009

Industries only grow 2.5%

The growth of the manufacturing industries in the first quarter of 2009 is predicted to plunge to only 2.5% compared with last year’s first quarter, namely 5.5%. This means that the total added value in the national production has dropped and if such situation continues, many manufacturing industries may collapse. According to the analysis by the Ministry of Industry, the sharp decline is caused by the weakening of several basic industries (such as wood, metal and chemical) and the decline of export of several labor-intensive industrial sectors.
Source: PA Asia - Public Affairs and CSR from Bisnis Indonesia, 17 March, p.1

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