The processing industry’s growth was driven by downstream and foreign demand. It was followed by trade (0.84 percent), transportation and warehousing (0.67 percent), information and communication (0.55 percent), and other sectors (1.78 percent). In the fourth quarter of 2022, the processing industry was the source of the highest growth at 1.17 percent, Yuwono informed.
"All the main sectors, namely the manufacturing industry, trade, mining, agriculture and construction are continuing positive trends and growing impressively," he said. Then, financial services recorded year-on-year growth of 3.76 percent, water supply 2.84 percent, health services 2.47 percent, electricity and gas procurement 2.31 percent, government administration 1.78 percent, construction 1.61 percent, and education services 0.42 percent. Meanwhile, the trade sector recorded a growth of 6.55 percent yoy, mining 6.46 percent yoy, the processing industry 5.64 percent yoy, and the agricultural sector 4.51 percent yoy. The air transport sub-sector also managed to grow 44.07 percent, supported by an increase in the number of air transport passengers and an increase in the number of foreign tourists.Īfter the two sub-sectors, the highest growth was recorded in other service sectors (11.14 percent yoy), followed by corporate services (10.42 percent yoy), and information and communication (8.75 percent yoy), Yuwono informed. The rail transportation sub-sector recorded a growth of 61.94 percent yoy due to an increase in the number of passengers and goods transported, as well as an increase in people's mobility during the school holidays, Christmas, and New Year. The transportation and warehousing as well as accommodation and food and drink sectors managed to grow by 16.99 percent yoy and 13.81 percent yoy, respectively, driven by increased community mobility and higher international and domestic tourist visits. The processing industry was the largest source of growth, he added. "Business fields with the highest growth were transportation and warehousing as well as accommodation, food and drink," BPS head Margo Yuwono informed at a press conference here on Monday. Jakarta (ANTARA) - Indonesia's economy grew 5.01 percent in the fourth quarter of 2022 compared to the year-ago period on the back of positive growth in all business sectors, according to the Central Statistics Agency (BPS).
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