REPUBLIKA.CO.ID, SURABAYA -- East Java's economy grew 5.18 percent in the first quarter of this year or slowing from 5.9 percent in the same period last year.

"The economic growth of East Java's economy in the first quarter of this year was not as expected," head of the provincial office of the Central Bureau of Statistics M Sairi Hasbullah said here on Tuesday (5/5).

Sairi attributed the slowdown to falling purchasing power of the people on increase in the pri9ce of essential goods and unfavorable political condition.

"Almost all sector suffered a slowdown in growth. Power supply even contracted 0.37 percent," he said.

The highest growth was recorded for business area in the educational service that grew 8.83 percent, followed by financial service growing 8.77 percent and health service and social service growing 8.62 percent.

"However, a sharp fall in growth was recorded in the agricultural, forestry and fishery sector growing only 0.83 percent," he said. .

East Java's economic structure in the first quarter of 2015, was still dominated by three sectors -- manufacturing industry contributing 29.76 percent, agricultural, forestry and fisheries sector contributing 14.54 percent and trade sector and automotive sector contributing 17.51 percent, he said.

He said contraction was recorded in spending in almost all sectors.

However, inter provincial net trade grew 103.58 percent , household consumption increased 4.54 percent , gross domestic fixed capital formation rose 4.42 percent.

East Java's Gross Regional Domestic Products was recorded at Rp402.95 trillion on current price or up from Rp369.412 trillion in the same period last year.

The largest contributor was the manufacturing sector accounting for Rp119.932 trillion.

"The second largest was trading sector , car and motorcycle repairs contributing Rp70.539 trillion," he said.

Ikuti Whatsapp Channel Republika