{
    "success": true,
    "data": {
        "id": 1646197,
        "msgid": "industrial-confidence-index-declines-in-march-1774950799",
        "date": "2026-03-31 15:57:34",
        "title": "Industrial Confidence Index Declines in March",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Economy",
        "summary": "The Ministry of Industry reported a decline in Indonesia's Industrial Confidence Index (IKI) to 51.6 in March 2026, down 2.16 points from the previous month and 1.12 points from the previous year, primarily due to seasonal factors following major holidays like Chinese New Year and Eid al-Fitr, which led to reduced production and stockpiling. While 16 out of 23 manufacturing subsectors expanded, contributing 78.3% to GDP, others contracted, with export-oriented and domestic-focused industries both showing slowdowns. The energy crisis from Middle East escalations has had limited impact so far, mainly affecting sectors reliant on regional raw materials like petrochemicals.",
        "content": "<p>The Ministry of Industry recorded that the Industrial Confidence\nIndex (IKI) in March 2026 declined by 2.16 points to 51.6. \u201cIn addition,\nthe IKI also slowed by 1.12 points compared to the IKI in March last\nyear, which was 52.98,\u201d said the Ministry of Industry spokesperson Febri\nHendri Antoni Arief in Jakarta on Tuesday, 31 March 2026.<\/p>\n<p>Febri stated that the decline in industrial performance in the third\nmonth occurred due to a combination of several factors. Primarily,\nseasonal factors following the passing of several major religious\nholidays such as Chinese New Year and Eid al-Fitr. This situation led\nindustries to reduce production.<\/p>\n<p>Based on information from the industry, Febri said that several\nentrepreneurs chose to reduce production due to abundant stock in\nwarehouses that had not yet been distributed to distributors or the\nmarket. The stockpile occurred because of vehicle logistics restrictions\nfor 16 days before and after Eid al-Fitr.<\/p>\n<p>In addition, the production decline in March happened because several\nindustries experienced a surge in January and February. \u201cThus, in March,\nthey reduced production and continued to maintain stock in warehouses\nuntil Eid al-Fitr,\u201d said Febri.<\/p>\n<p>Febri stated that the energy crisis due to the escalation in the\nMiddle East has not yet had a significant impact on the entire industry.\nHe said that the impact from the conflict between America-Israel against\nIran is still limited to certain industries. Primarily, sectors that\nstill depend on raw materials from the Middle East, such as\npetrochemicals.<\/p>\n<p>Of the 23 processing industry subsectors, Febri noted that 16\nsubsectors expanded while the other 17 contracted. Febri said that the\nsubsectors experiencing expansion contributed 78.3 percent to the gross\ndomestic product or GDP.<\/p>\n<p>The highest subsectors were printing, reproduction of recorded media,\nnamely industries that produce downstream industrial product packaging.\nThen the motor vehicle industry, trailers, and semi-trailers.<\/p>\n<p>Meanwhile, the industries that contracted were beverages, tobacco\nprocessing, wood, wood products and cork, chemicals and chemical\nproducts, up to the computer industry.<\/p>\n<p>The Ministry of Industry also recorded a slowdown in the performance\nof export-oriented and domestic industries. The performance of the\nexport industry in March 2026 was recorded at 52.73, or slowed by 1.88\npoints compared to February 2026.<\/p>\n<p>The same thing happened to industrial companies oriented towards the\ndomestic market, whose performance was recorded at 50.44, or slowed by\n2.68 points monthly.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/industrial-confidence-index-declines-in-march-1774950799",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}