Indonesian Economy Doing Well amid Global Pressures

The Indonesian economy is still in good condition despite the existing global tensions, Presidential Staff Office (KSP) expert Edy Priyono said on Sunday. Priyono said in early 2022 some economic indicators remained strong, which was reflected in positive demand performance and production strength.

According to him, the positive demand performance was reflected in the Consumer Confidence Index (CCI) which was at the level of 111 or the optimistic zone and was indicated by the Retail Sales Index which grew 8.6 percent (yoy) in March 2022. Meanwhile, production strength can be seen in the confidence of business managers in the Indonesian manufacturing sector, which was still in the expansive zone at the level of 51.3 in March 2022, and consistently expanded for seven consecutive months.