Indonesia cement sales rise 8.2 per cent in February

Indonesia cement sales rise 8.2 per cent in February
Published: 22 March 2013

Tagged Under: Volumes Consumption Indonesia 

Indonesian cement sales rose 8.2 per cent to 4.39Mt in February 2013, according to the country’s largest cement producer Semen Indonesia citing data from the Indonesian Cement Association (ASI). 

While growth has continued, February’s figure was the slowest pace of growth for six months. In the first two months of the year sales rose by 11 per cent to 9Mt.

David Sumual, an economist at Bank Central Asia told the Jakarta Post that a slowdown in investment, particularly in government infrastructure may have caused the slower growth rate. However, while he noted that it could be "worrisome" if this trend continues, he thinks the situation is "temporary, as developments in housing and high-rise property remain strong.”