Indonesia: Agriculture only sector to post growth in 3rd quarter
Agriculture was the only key sector that contributed to Indonesia’s growth in the third quarter of 2020, given the overall economy contracting 3.49 percent on-year, according to Indonesia’s Central Statistics Agency (BPS).
Jakarta (VNA) – Agriculture was the only keysector that contributed to Indonesia’s growth in the third quarter of 2020,given the overall economy contracting 3.49 percent on-year, according to Indonesia’sCentral Statistics Agency (BPS).
Among the country’s five dominant business sectors, only agriculturerecorded positive growth, at 2.15 percent, BPS chief Suhariyanto said.
The growth was fueled by the second rice grand harvest andhigh demand for fruits, vegetables, and plantation commodities, includingcocoa, rubber, cloves, and tobacco.
During the period, the processing industry contracted 4.31percent, trade 5.03 percent, the construction sector 4.52 percent, and mining 4.28percent.
Although many sectors recorded a contraction,the BPS percei🐟ved signs of an economic recovery, as, on average, business fieldshave recorded positive growth on 🧸a quarterly basis./.
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Illustrative photo (Source: Goh Chai Hin/AFP) 
