"Last year, the growth fueled by the agricultural sector was recorded in the first quarter, but this year it will be recorded in the second quarter," he said here on Friday.
The improving investment has also driven the second-quarter economic growth, he said.
"Of course, there are other matters, such as investment. Investment began to improve and add to the growth this year," he said.
The Central Statistics Agency (BPS) is set to announce the country`s second-quarter economic growth on Monday (August 6).
Executive Director of the Institute for Development of Economics and Finance (Indef) Enny Sri Hartati has predicted the Indonesian economy will grow 5.1 percent in the second quarter of this year, fueled chiefly by investment and household consumption.
The economic growth fueled by investment can be seen from the growth of banking credit and the import of capital goods and raw materials.
The increasing import of capital goods is intended to meet the accelerated development of infrastructure, excluding the industrial sector.
The imported raw materials mainly consist of foodstuffs, aimed at stabilizing prices ahead of Eid al Fitr festivities and oil and gas to strengthen Pertamina`s stocks.
Reported by Calvin Basuki
Edited by Bustanudin
Reporter: antara
Editor: Heru Purwanto
Copyright © ANTARA 2018
