Related Keywords: decline in purchasing power, decline in TPT exports, export market weak, facing tough pressure, from inside and outside the country, Indonesian Textile Association, Indonesian textiles and textile products industry, lower demand, performance of TPT relatively poor, rupiah depreciation, slowing economic growth
Indonesian textiles and textile products (TPT) industry in Indonesia is presently facing tough pressure from both inside and outside the country. The performance of the TPT industry over the first quarter of 2015 was relatively poor, suffering a contraction with negative growth of 0.98 percent year-on-year, making it a worse performer than the manufacturing industry, which saw growth of 3.87 percent, and Indonesia’s Gross Domestic Product (GDP), which saw growth of 4.71 percent.
