Second Quarter 2017 Business Conditions Improved

Economics & Macro

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07/08/2017 15:52 WIB

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Business Tendency Index (TW I 2014-TW II 2017)

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Business Tendency Index (TW I 2014-TW II 2017)

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Amidst concerns about weakening public purchasing power, a survey conducted by the Central Bureau of Statistics (BPS) indicates that business conditions in the second quarter of 2017 actually improved. This is evident from the Business Tendency Index (ITB), which stood at 111.63, higher than the previous quarter's 103.42. All business sectors showed improvement except for mining and quarrying.

The improvement in business conditions during the second three months of the year was supported by three contributing components: business revenue with an index of 118.93, production capacity utilization with an index of 114.55, and average working hours with an index of 101.4.

The business outlook for the third quarter of 2017 is projected at 108.82. This indicates that overall business conditions in the third three months of the year will improve compared to the previous quarter. However, business optimism is slightly lower than in the second quarter of 2017.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Second Quarter 2017 Business Conditions Improved

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