{"id":24845,"date":"2021-08-18T11:00:13","date_gmt":"2021-08-18T04:00:13","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=24845"},"modified":"2021-08-18T11:00:13","modified_gmt":"2021-08-18T04:00:13","slug":"indonesia-records-growth-in-4-economic-sectors-in-q2-2021","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/indonesia-records-growth-in-4-economic-sectors-in-q2-2021\/","title":{"rendered":"Indonesia records growth in 4 economic sectors in Q2 2021"},"content":{"rendered":"

The country\u2019s first economic growth since the onslaught o<\/span>f<\/span>\u00a0the pandemic in March 2020<\/span><\/span>\u00a0<\/span><\/p>\n

\"\"
Warehousing and transportation registered the highest growth at 25.1 percent. RachmatSuryo\/Shutterstock<\/figcaption><\/figure>\n

In the second quarter of 2021,\u00a0<\/span>Tempo.co<\/span><\/a> reported that Indonesia\u2019s economy saw a growth recovery for almost every sector, a progressive improvement from its previous consecutive downward slump.<\/span>\u00a0<\/span><\/p>\n

Airlangga Hartarto, coordinating minister for economic affairs, said that the increase is most evident in the manufacturing, trade, and transportation sectors.<\/span>\u00a0<\/span><\/p>\n

\u201cBusiness sectors are growing positively and showing improvement due to increasing domestic demands,\u201d expounded the minister at a press conference held at the start of the month.<\/span>\u00a0<\/span><\/p>\n

The major sectors that have documented developments throughout the quarter are warehousing and transportation, processing, retail and major trades, as well as food and beverage, and accommodation supplies.<\/span>\u00a0<\/span><\/p>\n

This meant that the retail and industrial winners of\u00a0<\/span>PropertyGuru\u00a0Indonesia Property Awards<\/span><\/a>, such as\u00a0PT Jababeka Tbk,\u00a0Ciputra Group,\u00a0Ariobimo Laguna Perkasa, and the Ministry of Public Works and Housing,\u00a0benefitted from the\u00a0sectors\u2019 recoveries despite the drawbacks\u00a0of\u00a0the ongoing public health crisis.<\/span>\u00a0<\/span><\/p>\n

Among the sectors, warehousing\u00a0and transportation registered the highest growth at\u00a025.1 percent, a stark\u00a0difference from the 13.12 percent growth during the first quarter.<\/span>\u00a0<\/span><\/p>\n

\u00a0More: Indonesia\u2019s tech sector to grow exponentially in 3 years, with projections of up to $300 billion<\/strong><\/span><\/a><\/p>\n

The food and beverage, and accommodation sectors followed suit, logging a 21.58 percent growth from only 7.26 percent in Q1. The trading and processing sectors noted a 9.44 percent and 5.58 percent growth, respectively.<\/span>\u00a0<\/span><\/p>\n

The healthcare services sector, on the other hand,\u00a0recorded an 11.02 percent growth from 3.01 percent in Q1.\u00a0The real estate sector is\u00a0also\u00a0starting to show signs of growth for about 2.82\u00a0percent.\u00a0<\/span>\u00a0<\/span><\/p>\n

Overall,\u00a0<\/span>The Jakarta Post<\/span><\/a>\u00a0revealed that\u00a0Indonesia\u2019s economy soared 7.07 percent\u00a0year-on-year\u00a0in Q2,\u00a0its first registered growth since the onslaught of the pandemic in March 2020.\u00a0This economic rise indicated that the country has evaded a recession following\u00a0a consecutive drop in the previous quarters.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

Know of any award-worthy homes, condos, flats, or other real estate projects in Indonesia? Nominate them for the 2021 Indonesia Property Awards on or before 10 September 2021. Simply visit <\/span><\/i>asiapropertyawards.com\/en\/award\/indonesia-property-awards\/<\/span><\/i><\/a>\u00a0for more details.<\/span><\/i>\u00a0<\/span><\/p>\n

Gynen Kyra Toriano, Digital Content Manager at PropertyGuru, wrote this article. For more information, email: gynen@propertyguru.com<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The country\u2019s first economic growth since the onslaught of the pandemic in March 2020 <\/p>\n","protected":false},"author":9,"featured_media":24846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[101,92],"tags":[464,154,483,951,248,2238,908],"class_list":["post-24845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-property-awards","category-news","tag-economy","tag-indonesia","tag-indonesia-property-awards","tag-manufacturing","tag-retail","tag-trade","tag-warehouse","news_country-indonesia","news_author-gynen-kyra-toriano"],"acf":[],"yoast_head":"\nIndonesia records growth in 4 economic sectors in Q2 2021 | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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