#Industry & Manufacturing
Economy projected to grow 5% next year, early de-industrialization in the spotlight
Indonesia's economic growth is estimated to remain stagnant at 5 percent in 2025 amidst the absence of a policy strategy capable of freeing the industrial sector from the trap of early deindustrialization.
Indonesia-Geely Auto Group discuss EV, methanol-powered vehicle development
Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani meets with Geely Auto Group, an automotive giant in China discussing the development of the domestic electric industry.
IMIP contributes US$14.45 B in export foreign exchange, US$1.16 B in taxes
PT Indonesia Morowali Industrial Park (IMIP), the management of the largest nickel industrial area in Indonesia, has recorded a significant contribution to export foreign exchange and state tax revenues.
Manufacturing investment during Jokowi president reaches Rp3.031 trillion
The Ministry of Industry has revealed that the realization of investment in the manufacturing sector over the past decade, from 2014 to 2023 under the leadership of President Joko “Jokowi” Widodo, has reached Rp3,031.85 trillion (US$193.9 billion).
S&P Global notes Indonesia's Manufacturing PMI at 52.2 in December 2023
S&P Global reported that Indonesia's Manufacturing Purchasing Managers' Index (PMI) stood at an expansionary level of 52.2 in December 2023, representing a 0.5-point increase from November 2023, where it was at 51.7. The achievement of a PMI at the end of 2023 signifies the rapid pace of Indonesia's manufacturing sector in the last three months, continuing the trend of manufacturing expansion for the past 28 months.
IISIA forecasts national steel consumption to grow by 5.2% in 2024
The Indonesian Iron & Steel Industry Association (IISIA) predicts that national steel consumption will grow by 5.2 percent to reach 18.3 million tons in 2024 in line increasing demand due to growth in the property sector, government infrastructure spending, and the automotive steel-consuming industry.
