Cement Sales in Indonesia Continue to Disappoint in February 2017
Cement sales in Indonesia rose 0.2 percent year-on-year (y/y) to 4.54 million tons in February 2017 from 4.54 million tons in the same month one year earlier. This growth pace is considerably below market participants' targets. Weak cement sales in the second month of 2017 are blamed on weather conditions (the high amount of rainfall that caused floods in several parts of Indonesia) and on the fact that direct investment (in infrastructure and property) outside Java remains bleak.