{
    "success": true,
    "data": {
        "id": 1614828,
        "msgid": "purbaya-indonesias-economy-far-from-deteriorating-1773564895",
        "date": "2026-03-15 14:54:11",
        "title": "Purbaya: Indonesia's Economy Far from Deteriorating",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Economy",
        "summary": "Finance Minister Purbaya Yudhi Sadewa reported to President Prabowo Subianto that Indonesia's economy is in good condition, citing February 2026 data showing accelerating economic activity, including a PMI of 53.8, 12.2 per cent automobile sales growth, and a consumer confidence index of 125.2. However, a University of Indonesia survey found that 48 per cent of economists believe economic conditions have deteriorated compared to the previous quarter, contradicting the government's optimistic assessment.",
        "content": "<p>Finance Minister Purbaya Yudhi Sadewa reported to President Prabowo\nSubianto that Indonesia\u2019s economic condition is sound. He stated that\nthis was reflected in several data points from February 2026 showing\naccelerating economic activity.<\/p>\n<p>\u201cSo we are far from what economists outside call a deteriorating\neconomy, Sir. Many people on TikTok talk like that,\u201d Purbaya said during\na cabinet session at the State Palace on Friday, 13 March 2026,\nmonitored from the President\u2019s Secretariat YouTube broadcast.<\/p>\n<p>One key data point presented by Purbaya was the Purchasing Managers\u2019\nIndex (PMI) for February, which reached 53.8. He stated this was the\nhighest position in recent years and indicated strong manufacturing\nsector growth.<\/p>\n<p>Purbaya also attributed the high inflation figure in February to\nelectricity tariff discounts from the previous year. According to data\nfrom the Central Statistics Agency, February inflation reached 4.76 per\ncent year-on-year. Purbaya claimed that without last year\u2019s subsidies,\nFebruary inflation would have been only approximately 2.59 per cent.\nTherefore, he said, the economy is not overheating and is safe to grow\nat higher levels.<\/p>\n<p>The State Treasurer also reported data from the automotive industry.\nHe noted that automobile sales grew 12.2 per cent in February 2026.\n\u201cThis is no joke, if we look at last year it was negative, Sir. Now it\nhas started to turn positive and is accelerating,\u201d Purbaya said.<\/p>\n<p>Purbaya also highlighted the Consumer Confidence Index, which stood\nat 125.2 in February 2026. According to him, this position showed that\nconsumer purchasing power was improving and the public was not in dire\nstraits.<\/p>\n<p>Meanwhile, a survey by the Institute for Economic and Social Research\nat the Faculty of Economics and Business, University of Indonesia (LPEM\nFEB UI), revealed that 41 out of 85 economists (48 per cent) assessed\nthat Indonesia\u2019s economic condition had deteriorated compared to the\nprevious quarter.<\/p>\n<p>Breaking this down, 35 economists answered that economic conditions\nwere worse and 6 answered that they were far worse. Whilst 32 economists\nanswered that conditions remained unchanged compared to three months\nearlier. The remaining 12 economists said conditions had improved\ncompared to three months previously.<\/p>\n<p>\u201cThis result remains consistent with the perception from previous\nsurveys in October and March 2025, showing that after three consecutive\nsurveys over an 18-month period, experts still believe that Indonesia\u2019s\neconomic conditions have not improved,\u201d the LPEM UI team wrote in their\nreport, cited on Sunday, 15 March 2026.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/purbaya-indonesias-economy-far-from-deteriorating-1773564895",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}