BPS: Construction Sector Shows Highest Growth in NTT in Q3 2021
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According to a report by the Central Statistics Agency (BPS), the East Nusa Tenggara (NTT) economy by business field grew by 2.37% (yoy) in the third quarter of 2021. Economic growth occurred in almost all business fields except for the Manufacturing Industry, Education Services, and Government Administration, Defense, and Mandatory Social Security.
The highest economic growth was achieved by the construction sector at 15.48%. This was followed by the health and social services sector at 14.65% and the gas sector at 11.05%. Meanwhile, the deepest contraction was experienced by the Government Administration, Defense, and Mandatory Social Security sector at -7.94%.
The Construction sector contributed the largest economic growth in NTT, at 1.51%. This was followed by the Agriculture, Forestry, and Fisheries sector at 1.15% and the Wholesale and Retail Trade, Repair of Motor Vehicles and Motorcycles sector at 0.64%.
Meanwhile, the NTT economy by expenditure in the third quarter of 2021 grew by 2.37% (yoy). The highest growth occurred in the Gross Fixed Capital Formation (GFCF) component at 6.66%.
This was followed by the Household Consumption Expenditure (HCE) component at 1.67% and the Non-Profit Institutions Serving Households (NPISH) Expenditure component at 1.16%.
"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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