JAKARTA, May 6 (Xinhua) — Indonesia’s economy grew by 5.11 percent year on year in the first quarter of this year, Statistics Indonesia BPS announced on Monday.
The quarterly growth marks the highest for a first quarter since 2015, said acting head of BPS Amalia Widyasanti, adding the Southeast Asian country had recorded a growth of 5.12 percent in the first quarter of 2014.
However, “Compared to the previous quarter, economic growth contracted 0.83 percent,” said the official at a press conference.
The main contributors to the economic growth in the first quarter in terms of production are the processing, trade, construction and mining sectors, according to her.
“In the first quarter of 2024, the manufacturing sector remained the highest source of growth, at 0.86 percent,” she said.
In terms of spending, household consumption was still a major contributor to economic growth, rising 4.91 percent in the first quarter, supported by holiday spendings, according to her.
