Michelle Natalia
Meanwhile, corporate financial conditions remained sound in the reporting period despite retreating compared to conditions in the previous quarter.
Respondents predict stronger business activities in the second quarter of 2023, as indicated by a WNB of 21.44%, driven by several key sectors, namely Agriculture as the harvesting season continues and Mining with the support of available production facilities.
“In addition, respondents expect Manufacturing Industry performance to improve on increasing demand, supported by the availability of production facilities and storage capacity, while stronger business activity is anticipated in terms of Wholesale and Retail Trade, Transportation and Logistics as well as Accommodation and Food Service Activities, stoked by the seasonal spike in domestic demand during the national religious holiday (HBKN) for Eid-ul-Fitr 1444H,” he concluded.
