Six sectors chiefly drove Indonesia’s first-quarter growth: BPS chief

Six business sectors contributed to Indonesia’s economic growth in the first quarter of 2021, Chief of the Statistics Indonesia (BPS) Suhariyanto stated.

“The rest recorded a contraction,” Suhariyanto remarked during an online press conference in Jakarta on Wednesday.

The BPS chief noted that the six sectors were information and communication, water procurement, healthcare, agriculture, electricity and gas procurement, and real estate.

The information and communication sector clocked the highest growth, at 8.72 percent; followed by water procurement, at 5.49 percent; healthcare, at 3.64 percent; and agriculture, at 2.95 percent.

However, several sectors, so far, contributing the most to the national gross domestic product (GDP), such as industry, trade, construction, and mining, recorded a contraction during the January-March 2021 quarter.

The manufacturing industry contracted 1.38 percent; followed by the trade sector, which fell 1.23 percent; the construction sector that tanked 0.79 percent; and mining sector that registered a 2.02-percent drop.

The COVID-19 pandemic disrupted the two business sectors of transportation and warehousing that fell 13.12 percent and the accommodation, food and beverage sector that declined 7.26 percent.

“If we look at the movement of various sectors, the recovery process of sectors will be different from one another. It will take a long time for the sectors that rely on public mobility to pick up,” he stated.

However, Suhariyanto spoke of having perceived signals of economic recovery since the affected sectors will still be able to perform better than that in the previous quarter.

Citing an example, the BPS chief remarked that the manufacturing industry, which contracted 1.38 percent, performed better than that in the fourth quarter of 2020 during which it was recorded at minus 3.14 percent.

Similarly, the trade sector, recording a 1.23-percent contraction, performed better than the previous quarter’s 3.64 percent.

The BPS announced earlier Indonesia’s economic growth having contracted 0.74 percent year-on-year (yoy) in the first quarter of 2021, albeit signs of economic recovery being apparent.

Source: Antara News