Exceeds National Economic Growth in East Java

Trade, hotels and restaurants (PHR) still gives the largest contribution to economic growth in East Java in the second quarter year-on-year (yoy).

Head of the Central Statistics Agency (BPS) said Indrocahyo Irish Java, East Java has become the largest business center PHR after Jakarta.

“Economic growth in East Java yoy recorded 7.21 percent growth quarter-to-quarter (q to q) or quarter to quarter at 2.87 percent, cumulatively in the first half grew 7.2 percent I/2012. Lower National only 6.4 percent, “he said on Monday (06/08/2012).

PHR sector grew by 10.54 percent growth, transport 8.08 percent, 7.37 percent finance, electricity water gas 6.86 percent, 6.71 percent industrial, construction 5.58 percent, 4.96 percent of the services, agriculture and mining 3.04 percent 1.66 percent.

But economic growth in East Java in q to q be dominated by the mining sector 11.96 percent, 11.43 percent of the construction, services 10.3 percent, transport 10.01 percent, 5.64 percent PHR, electricity gas and water 4.19 percent, 4.05 percent finance, industry 2.88 percent, and the agricultural sector fell -12.25 percent.

“The economy of East Java GDP measured at current prices in the quarter amounted to Rp 246.58 trillion II/2012. So the semester I/2012 cumulatively amounting to Rp 483.9 trillion,” he added.

If viewed from the economic structure by the use of components, the largest contribution to economic growth resulting from the export of the semester I/2012 (5.68 percent), household consumption spending (4.32 percent) and gross fixed capital formation (1.94 percent). While imported components as deduction grew 4.68 percent.