No.23/260/DKom
The latest Business Survey performed by
Bank Indonesia revealed how business expansion was maintained in the third
quarter of 2021 despite moderation compared with conditions in the previous
period. This was confirmed by a decrease in the weighted net balance (WNB) to
7.58% in the third quarter of 2021 from 18.98% in the second quarter of 2021.
Agriculture, Plantations, Livestock, Forestry and Fishing posted gains on the
back of the food crop and plantation harvesting season as well as fishing in
several regions. Meanwhile, Mining and Quarrying, Trade, Accommodation and Food
Service Activities as well as the Manufacturing Industry experienced moderation
as a corollary of mobility restrictions.
Consistent with business activity,
production capacity utilisation decreased to 73.30% in the third quarter of
2021 from 75.33% in the previous period, while labour utilisation slumped into
a deeper contraction, yet corporate financial conditions remained normal.
In the fourth quarter of 2021,
respondents predicted stable business activity, with a WNB of 7.46%. The
performance of several major sectors was expected to improve, led by the
Manufacturing Industry, Trade, Accommodation and Food Service Activities as
well as Transportation and Communication, when the Government relaxes mobility
restrictions. In line with historical trends during the planting season,
however, Agricultural, Plantation, Livestock, Forestry and Fishing moderation
is anticipated, while respondents expect inclement weather moving into the wet
season to impact Mining and Quarrying as well as Construction sector
performance in the fourth quarter of 2021.
Jakarta,
13th October 2021
Head of
Communication Department Group
Muhamad
Nur
Director
Information about Bank Indonesia
Tel. 021-131, Email: bicara@bi.go.id
