PT. Visi Globalindo Utama (PT VISI) has predicted that by early 2019, an upcoming general industry sector will provide a growth rate of up to 4.74%. The following percentage may also face a slight downfall of 0.33% compared to the same period of the previous year (2018).
As is known, the general industry is influenced mainly by the exchange rate of IDR against USD and the permanent cost alterations of oil. The manufacture of growth is hampered by the weakening of IDR and the increase of oil cost, therefore, causing a further increase in production cost, specifically raw materials and capital goods. Moreover, other factors that prevent manufactural growth are domestic demands that have yet to grow significantly.
Based on the data from Badan Pusat Statistik (BPS), national manufacture growth during the third quarter of 2018 has reached up to 5.01% or suggestively lower in comparison the same period of the previous year of which concluded to 5.46%. Concomitantly with the weakening of IDR that was still sufficiently high during the end of 2018, it is predicted that the general industry will face a growth rate of 4.44% in the fourth quarter this 2018 or perhaps lower if compared to the year of 2017 that has proven to reach 5.14% successfully.