Govt Targets 5.7% Industry Growth Next Year

Husen Miftahudin    •    Jumat, 27 Nov 2015 19:56 WIB
economic growth
Govt Targets 5.7% Industry Growth  Next Year
Minister of Industry Saleh Husin (MI: Rommy Pujianto)

Metrotvnews.com, Jakarta: The Ministry of Industry is optimistic that the country's industry sector will fluctuate next year. The condition is considered positive, as the ministry targeted industrial growth at 5.7 percent in 2016.
 
The Minister of Industry Saleh Husin mentioned that his party wants to maintain the consistency of higher industry growth compared to the number of national economy growth. Despite the global economic slowdown is predicted to continue, but the growth number of 5.7 percent is considered to be the most realistic for domestic industry.
 
"2016, industry growth is targeted to reach 5.7 percent. It is above the economic growth target, which is at 5.3 percent," mentioned Saleh in his written statement in Jakarta, Friday (11/27/2015).
 
On the Q3 of 2015, non oil and gas processing industry growth was at 5.21 percent. Meanwhile, the contribution of the non oil and gas processing industry to the national Gross Domestic Products (GDP) is expected to reach 18.5 percent.
 
He elaborated that up to Q3-2015, the achievement of industry contribution towards the GDP has reached 17.82 percent. The number is higher compared to the same period last year, at 17.42 percent. In nominal, the export of industrial products (non oil and gas processing industry) up to August 2015 was at US$72.21 billion, as the import of industrial commodity products reached US$72.49 billion.
 
Export of industrial products (non oil and gas processing industry) up to August 2015 gave a contribution of 70.44 percent on the total national export. The main target market of the industrial products are the US, Japan, China, Singapore and India.
 
"Our optimism is still realistic as based on the continuous investment flow coming, including the realization of exports and production from the industry, middle to low," he mentioned.
 
Aside from that, Saleh said that in several meetings with industrial players and factory visits, the faith in the country's business prospect is still strong. It is seen from the investment entering the national industrial sector.
 
He explained that the value of Domestic Investment (PMDN) of the industrial sector in Q3-2015 is at Rp20.05 trillion, or grew as much as 7.45 percent compared to the Q3-2014, at Rp18.66 trillion.
 
"As the foreign investment (PMA) of the industrial sector in the Q3-2015 is at US$3.15 billion, as the total investment achieved in Q3-2015 is at US$4.75 billion," concluded Saleh.



(WAH)

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