Only Bioresource Investments Showed Positive Growth in Q3 2020
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Gross Fixed Capital Formation (GFCF) or investment in the third quarter of 2020 contracted by 6.48% year-on-year (yoy). Although still contracting, this is an improvement compared to the previous quarter's -8.61% (yoy). Four components showed improvement from the previous quarter, but only cultivated biological resources (CBR) experienced positive growth of 23.08%.
Meanwhile, two components of GFCF performed worse than the previous quarter: buildings, from -5.26% in Q2 2020 to -5.6%; and machinery and equipment, from -12.86% in the previous quarter to -21.01% in Q3 2020, the most significant contraction among the components.
"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."
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