Manufacturing Industry Largely Contributes to Economic Growth in Q2 This Year
Date 5 Agustus 2021
The manufacturing sector serves as the main driver of national economic growth in the second quarter of 2021, according to Minister of Industry Agus Gumiwang.
“Based on data from the Central Statistics Agency (BPS), the manufacturing sector greatly contributed to Indonesia’s economic growth. With a growth of 7.07 percent in the second quarter of 2021, the manufacturing industry contributed 1.35 percent,” the Minister said in a virtual press conference regarding the release on Indonesia’s economic growth in Q2 of 2021, Thursday (5/8).
The Minister went on to say that the growth of manufacturing industry was boosted by the growth of the non-oil and gas manufacturing industry by 6.91 percent.
“The largest contributors [to national GDP] are in five sub-sectors, namely the food and beverage industry which contributes 6.66 percent; then chemical, pharmaceutical, and traditional medicine industry at 1.96 percent; followed by metal goods, computer, electronic, optical, and electrical equipment industry at 1.57 percent; transportation equipment industry at 1.46 percent; and textile and apparel industry at 1.05 percent,” he said.
For the record, the transportation equipment industry recorded the largest growth in the non-oil and gas processing industry at 45.70 percent, followed by the base metal industry at 18.03 percent, and rubber and plastic goods industry at 11.72 percent.
“The food and beverage industry reached 2.95 percent year-on-year and 2.37 percent quarter-to-quarter. The textile and apparel industry dropped minus 4.54 percent year-on-year and positive 0.48 quarter-to-quarter,” he said.
On that occasion, the Minister also expressed his optimism about the growth of the manufacturing industry in the third and fourth quarters of 2021, which aligns with the Government’s continuous efforts in handling the pandemic.
“We project the manufacturing industry growth to reach 4 to 5 percent in the third quarter and 5 to 6 percent in the fourth quarter. Of course, with the hope that vaccinations can be implemented in all industries,” he remarked. (DND/UN) (RIF/MMB)