Micro, Small, and Medium Enterprises (MSME) Industrial Production Grew 6.88% in Q1 2019

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Viva Budy Kusnandar 14/06/2019 11:12 WIB

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This IMK production growth is the highest in 23 quarters.

Micro and Small Industry Production Index and Growth (Q1 2012-Q1 2019)

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Micro and Small Industry Production Index and Growth (Q1 2012-Q1 2019)

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National micro, small, and medium enterprise (MSME) production in the first quarter of 2019 grew by 6.88% compared to the same quarter of the previous year (YoY). This production growth is the highest in the last 23 quarters. The MSME production index in the first quarter rose to 159.5 from 152.57 at the end of last year.

The largest MSME production growth in the first quarter of this year was recorded by the printing and recording media reproduction industry and the computer and electronics goods industry, growing by 29.63% (YoY) and 29.15% (YoY), respectively. The micro and small industry experiencing the largest decline was the machinery and equipment industry, at 9.26% (YoY).

The largest contribution to MSME production is still supported by the food industry at 24.67% and the ready-made clothing industry at 10.55%. Meanwhile, the number of MSMEs in 2017 had reached 4 million.

(Read Databoks: Almost Half of Micro and Small Businesses Don't Need Loans)

Editor : Hari Widowati

"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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Micro, Small, and Medium Enterprises (MSME) Industrial Production Grew 6.88% in Q1 2019

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Micro, Small, and Medium Enterprises (MSME) Industrial Production Grew 6.88% in Q1 2019

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