Import Falls, Industry Grows

VIVAnews - Import decrease in March 2009 as reported by the Central Statistics Agency (BPS) shows two indications, according to Industry Minister Fahmi Idris: the slowdown in the performance of industry, and shifting in the usage of domestic raw material.

"However, it will not affect the 2009 projection of industrial growth," said Idris in Jakarta on Monday, May 4.

The Department of Industry is aiming growth at between 2.5 and 3.6 percent in 2009.

Earlier, BPS issued a report which stated that in the first quarter in 2009, the imported raw components decreased by 42.25 percent compared to 2008 from US$23.3 billion to US$23.3 billion. Meanwhile, capital goods import was down by 3.29 percent from US$4.41 billion to US$4.26 billion.

Nonetheless, the Department of Trade announced that March 2009 import rose by 9.9 percent compared to February. It caused trade surplus at US$2 billion, higher than the previous US$1.1 billion in February.

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Translated by: Ariyantri E. Tarman

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