Business Conditions Expected to Continue to Improve: BI

    Wahyu Dwi Anggoro - 14 January 2021 09:38 WIB
    Business Conditions Expected to Continue to Improve: BI
    Illustration (Photo:Medcom.id)
    Jakarta: The latest edition of the Business Survey performed by Bank Indonesia (BI) revealed an improvement in business activity in the fourth quarter of 2020, with the weighted net balance (WNB) improving to -3.90% from -5.97% in the third quarter of 2020. 

    The gains were led by the positive growth of several sectors, specifically Transportation and Communication; Finance, Real Estate and Company Services; Electricity, Gas, and Clean Water, and Services, supported by festive season (Christmas) and new year, availability of production raw materials, and increasing number of new customers in electricity.

    "Survey respondents also confirmed higher labor utilization and financial condition especially liquidity and profitability aspects consistent with the business improvements," said BI Communication Department Head Erwin Haryono in a press release on Wednesday.

    Meanwhile, the production capacity put to use in the fourth quarter of 2020 reaches 71.96%, which tends to be stable compared to that in the previous quarter.

    Moving forward, respondents predicted business activity will continue to improve in the first quarter of 2021, as denoted by WNB of 7.68%. 

    By economic sector, improvements are expected to occur in all economic sectors, particularly the Financial sector, Real Estate & Company Services sector, and Agriculture, Plantation, Farm, Forestry, and Fishery sector.

    (WAH)

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