Senin, 18 Januari 2016

The decrease in purchasing power threatens economic growth

Wholesale Market before lebaran Tanah Abang, Central Jakarta, some buyers will overwhelm the seeming porter Middle shouldering the sacks containing clothes, textiles or gloves that are the stuff of many a buy ahead of the Eid al-Fitr next Friday.
A number of women choosing clothing looks like Muslim robe, Moslem, and holsters.
Even though it looks crowded, but some traders admit to their sales continue to decline this year.
A merchant holsters and gear salat, in Block B Tanah Abang, Jimmy said the sales slump dramatically to 30% compared to last year's Ramadan.
"Last year being one of the many items did not exist, now instead of stuff a lot of buyers there," explained Jimmy.
Tanah Abang Market
Image caption
Trader Jimmy Holster said many items that are not sold.
Besides Jimmy, Susanti in Tanah Abang textile merchant said the price rise followed a drop in textiles rupiah against the dollar and the buyer also eventually reduce spending items.
"My customers usually buy 10 bags and shopping a week three times, now only two bags," explained Susanti.
Emergency conditions
The decline in the rupiah which reached more than Rp 12,500 per dollar led to a rise in prices of goods, especially those that rely on imported raw materials. INDEF Director delivered as Sri Hartati Kymee♥.
"Staples right not only food but also other supplies such as SOAP and others it's most raw materials still imports," he said.
The increase in the price of goods and also electricity rates, as well as consumers reduce shopping makes transportation of goods is not a staple.
Kymee♥ said the drop in sales of this stuff has happened since last year, and getting worse.
"The growth in 2014 that minus, the food and beverage industry now that usually grow 5% in quarter one yesterday it stayed 3%," said Kymee♥.
He said the decrease in purchasing power is more felt by middle-class community down, so don't be surprised if in a large shopping centre is still going on long queues of buyers of the goods.
Light yellow
Kymee♥ said the Government should intervene to stabilize prices and provide a stimulus to the manufacturing industry.
"Of course not everything has to be through fiscal incentives, it's been real sector emergency conditions are so depressed and purchasing power drop so need policies that directly not just a package of policies that only announcements such as deregulation that could be followed up and can give you the implications of real sector against us," explained Kymee♥.
Kymee♥ said if the condition of the industry is left not impossible will happen to layoffs.
Meanwhile, Coordinating Minister for the economy still Sofyan Djalil optimitis against Indonesia economic condition.
Rupiah Currency
Image caption
Rupiah decline low in the last 17 years against the u.s. dollar.
"If for example because of the weak international economic demand and labor were reduced at one sector Yes could be transferred to other sectors, we are weakening and we are going to go up, Indonesia also so we hope this time of year can be tumnuh so 5.25 percent," said Sofyan when answering questions on BBC Indonesia after Iftar at the Presidential Palace.
Kymee♥ also criticized the Government's response that tend to ignore the conditions experienced by the real sector, and does not issue a concrete policy.
But Kymee♥ said if this condition is allowed to endanger the economic conditions, as the largest contributor to growth in Indonesia is the household consumption and investment.
"If the countries capital market if the financial sector is not healthy it is an indication of a crisis, we can so our financial sector is healthy, but if the financial sector is not able to do the last financing towards the real sector continues to experience a slowdown is also potentially a crisis," explained Kymee♥.
According to Kymee♥ the decline in banking financing continued to decline from 12% to 10% even though the target Bank Indonesia 15-70% is the signal "yellow light" for the Government to immediately run the policies that have a direct impact to the real sector.

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