Finance Minister Forecast Indonesia’s Economic Growth at 8.3 Percent in Q2 due to Seasonal Factors

“Household appliances are not too strong, but they show an even distribution of recovery,” said Sri Mulyani.

Another indicator of increasing consumption came from electricity consumption at the business level, which stood at the positive zone after more than 12 months in the red zone. In total, electricity consumption growth reached 6.3 percent with growth at the industrial level reaching 20.3 percent.

With more activities took place in the commercial buildings, the use of household electricity decreased by -5.6 percent.

Meanwhile, non-oil and gas manufactured exports grew 52.7 percent, non-oil and gas agriculture 19.8 percent, non-oil and gas mining 47.2 percent, and oil and gas exports grew by 69.6 percent.

“The export sector of both non-oil and non-oil and gas-based commodities are accelerating. The overall economic growth for this year may still be modest, but we hope that in the third quarter and fourth quarter it will still be accelerated,” she said.

(Writer: Fika Nurul Ulya | Editor: Yoga Sukmana)

Source: https://money.kompas.com/read/2021/05/24/155707726/ada-faktor-musiman-sri-mulyani-proyeksi-ekonomi-ri-kuartal-ii-tembus-83-persen?page=2.