Manufacturing seen picking up in 2008

The manufacturing sector is expected to grow by 7.4% in 2008, helped by growing demand in the automotive and information technology sectors, an industry ministry official said on Thursday (27/12/07), Reuters reported.

The government estimates manufacturing output will grow 6.3% in 2007, less than predicted at the start of the year.

But it expects output to accelerate in 2008 with the economy on track to expand at the fastest rate in 11 years this year and is seen maintaining its momentum going forward.

"The government projects the manufacturing sector to grow by 7.43% next year. The automotive and information technology sectors will be the main drivers," said Agus Tjahajana Wirakusumah, secretary general of the Industry Ministry.

The improving economy will help boost demand for vehicles and information technology products such as mobile phones and computers, he said.


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