Indonesia Sees Four Economic Sectors' Growth Recoveries in Q2
6 August 2021 12:02 WIB
TEMPO.CO, Jakarta - Indonesia's economy recorded a growth in Q2/2021, in nearly every sector which previously sustained contraction. The Coordinating Minister for Economic Affairs Airlangga Hartarto on Thursday said positive progression is observable in the manufacturing, transportation, and trade sectors.
“Business sectors are growing positively and showing improvement due to increasing domestic demands,” said the minister in a press conference on Thursday, August 5.
There are four sectors showing improvements which are the processing industry, warehouse transportation, retail and major trades, as well as food and beverage, and accommodation supplies. The transportation and warehousing sector logged the highest growth of 25.1 percent, a contrast to the sector’s negative growth of 13.12 percent during Q1.
The FnB and accommodation sector followed closely with 21.58 percent growth, which in Q1 had contracted by 7.26 percent.
Meanwhile both major trading and processing industry sectors grew 9.44 percent and 5.58 percent respectively. The healthcare services sector also grew 11.02 percent during Q2 from previously only 3.01 percent growth in Q1. The real estate sector is showing signs of growing 2.82 percent.
According to Statistics Indonesia (BPS), Indonesia’s economy in Q2 grew 7.07 percent. It also shows that the recent economic growth has helped the country escaped a recession following the contractions in previous four consecutive quarters.
FRANCISCA CHRISTY ROSANA