Indonesia’s cement sales in Sept rise 52% YoY
Indonesia’s cement sales, an indicator of economic growth in Southeast Asia’s largest economy, rose 52% in September from a year ago due to increasing property and infrastructure building, an industry official said on Wednesday.
Cement sales volumes reached 3.8Mts, from 2.5Mt in the same month last year, Urip Trimuryono, chairman of the Indonesian Cement Association told Reuters.
Sales in August had dipped 0.3% YoY, due to slower activity during the Ramadan and Eid al-Fitr holiday.
Trimuryono forecast full year 2011 cement sales would grow 14%, with growth moderating next year to 10%. Published under Cement News
