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Jakarta, CNBC Indonesia – The Central Statistics Agency (BPS) reported that the Indonesian economy in the third quarter of 2020 contracted or grew negatively by 3.49%, compared to the same period of the previous year (YoY / YoY). This officially enters Indonesia into a period of economic recession, as the Gross Domestic Product (GDP) has been negative for two consecutive quarters.
There were industrial sectors that were destroyed or grew at a negative level during that period. Anything?
The following is the BPS data summarized on Thursday (11/5/2020):
1. The transportation equipment industry, registered minus 29.98% in the third quarter of 2020. In the second quarter of 2020 this industry was also minus 34.29%
2. Machinery and equipment industry, registered minus 10.76% in the third quarter of 2020. In the second quarter of 2020 this industry was also minus 13.42%
3. The rubber industry, rubber goods and plastics, registered 9.61% in the third quarter of 2020. In the second quarter of 2020 this industry was also less 11.98%
4. The textile and clothing industry registered minus 9.32% in the third quarter of 2020. In the second quarter of 2020 this industry was also minus 14.32%
5. Coal and oil and gas refineries, registered minus 7.17% in the third quarter of 2020. In the second quarter of 2020 this industry was also minus 10.31%
6. Metal articles industry; computers, electronic products, optics and electrical equipment, registered minus 6.86% in the third quarter of 2020. In the second quarter of 2020 this industry was also minus 9.29%
7. Tobacco processing industry, recorded minus 5.19% in the third quarter of 2020. In the second quarter of 2020, this industry was also minus 10.84%
However, there were also industries that still posted positive growth during that period, namely:
1. The chemical, pharmaceutical and traditional medicine industries registered a growth of 14.96% in the third quarter of 2020. In the second quarter of 2020 this industry also grew by 8.65%
2. The basic metals industry grew by 5.19% in the third quarter of 2020. In the second quarter of 2020 this industry also grew by 2.76%
3. The food and beverage industry grew 0.66% in the third quarter of 2020. In the second quarter of 2020 this industry also grew 0.22%
According to BPS records, the transportation equipment industry experienced a contraction, also known as negative growth, due to the drop in production of cars and motorcycles, due to unsustainable demand due to the crisis caused by the COVID-19 pandemic. .
Then the rubber industry, rubber products and plastics also grew negatively due to weak internal and external demand due to the pandemic.
The textile and clothing industries also fell due to falling demand.
Meanwhile, the chemical, pharmaceutical, and traditional medicine industries are growing rapidly due to increased production and demand for drugs, multivitamins, and supplements due to the pandemic.
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