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BI: the Majority of SMES Hit Corona, Sales Plummeted by More than 50%

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BI: the Majority of SMES Hit Corona, Sales Plummeted by More than 50%

Bank Indonesia noted that as much as 72,6% of micro, small and medium enterprises affected by the pandemic corona. Entrepreneurs experience a decline in sales, to the difficulties of capital and raw materials. 

Head of the Department of Development of SMES and Consumer Protection, Bank Indonesia Budi Hanoto said, Covid-19 mendisrupsi performance of SMES. By sector, SMES in agriculture, which hit reached a 41.5%, SME exporters reached 95,4%, and SMES craft and supporting tourism reached 89,9%. 

“the Average decrease in their turnover reaches more than 50%,” said Budi in the webinar SMES Gearing-Up Into the New Normal entitled Financing Solutions, Marketing and Digitization, Thursday (25/6).

this Article has been published in Katadata.co.id with the title "BI: the Majority of SMES Hit Corona, Sales Plummeted by More than 50%" , https://katadata.co.id/berita/2020/06/26/bi-mayoritas-umkm-terpukul-corona-penjualan-anjlok-lebih-dari-50
Author: Muchammad Egi Fadliansyah
Editor: Agustiyanti

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