The Ministry of Industry (Kemenperin) has released the Industrial Confidence Index (IKI) for the January 2023 period. It was noted that the IKI figure at the beginning of this year reached 51.54 points or was at an expansive level. Even so, the Ministry of Industry said that the Textile and Textile Products (TPT) industry was still affected by the contraction to date.

This was conveyed by Spokesperson for the Ministry of Industry, Febri Hendri Antoni Arif, at the Ministry of Industry Building, Tuesday, January 31.

"It needs to be confirmed that the textile and apparel industry is still contracting, one of the reasons is orders," said Febri.

In addition, said Febri, the sales market for this sector is still relatively small, so the target cannot be achieved.

"The market is also not yet, indeed the value has not reached 50," he said.

Later, said Febri, the Ministry of Industry will continue to monitor the performance of all industrial sectors through IKI, so that it can reach an expansive level.

"We are trying to try to raise their level, so that the status can change everything to be expansive," he said.

For your information, the Central Statistics Agency (BPS) noted that the gross domestic product (GDP) based on cash prices (ADHK) for the TPT industry amounted to IDR 34.51 trillion in the first quarter of 2022, an increase of 12.45 percent yoy.

Then, in the second quarter of 2022, this industry's ADHK GDP was reported to have skyrocketed again to IDR 35.17 trillion, an increase of 13.74 percent yoy.

Until the third quarter of 2022, it grew positively by 8.09 percent (year on year/yoy) in the third quarter of 2022 and touched Rp. 34.85 trillion.