Transportation and Warehousing Lead Sectoral Growth in Q2 2022

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Viva Budy Kusnandar 06/08/2022 09:00 WIB

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Transportation and Warehousing Lead Sectoral Growth in Q2 2022

Top 10 Fastest-Growing Business Sectors (Second Quarter 2022)

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Transportation and Warehousing Lead Sectoral Growth in Q2 2022

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Top 10 Fastest-Growing Business Sectors (Second Quarter 2022)

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The Central Statistics Agency (BPS) reports that Indonesia's economy grew by 5.44% year-on-year (yoy) in the second quarter of 2022.

By business sector, the transportation and warehousing sector led the growth, reaching 21.27% (yoy), followed by the accommodation and food service sector, which grew by 9.76% (yoy). The easing of travel restrictions and the Idul Fitri holiday spurred the growth of the transportation and accommodation sectors in the second quarter of this year.

Furthermore, the electricity and gas supply sector grew by 9.33% (yoy), other services by 9.25% (yoy), the information and communication sector by 8.05% (yoy), and the corporate services sector by 7.92% (yoy).

Following these were the health services sector, which grew by 6.45% (yoy); the water supply sector, which grew by 4.44% (yoy); the trade sector, which grew by 4.42% (yoy); and the industrial sector, which grew by 4.01% (yoy).

Of the 17 main sectors, 15 recorded growth in the second quarter of 2022. The remaining two sectors experienced contraction: the education services sector and the government administration sector.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."