BANDUNG-Economic growth in West Java (Jabar) in the third quarter of 2017 is estimated to increase compared to the previous quarter and will grow in the range of 5.2% - 5.6% (yoy).
"This is supported by the results of Bank Indonesia (BI) survey which indicates that growth," said Chief Representative of BI Jabar Wiwiek Sisto Widayat, Friday (11/10).
For example, in a survey of business activities where BI estimates in the third quarter to grow as a weighted net balance of 20.95%, higher than 18.31%, where the processing industry and agriculture as the main driving sector.
Then, the consumer survey also indicated an increase in consumer optimism as reflected by the increase in LPE. Domestic sales are on the rise driven by processing industries, hotels and restaurants, agriculture, animal husbandry, forestry and fisheries.
On the other hand, there will be an inhibitor of third quarter LPE growth, such as increasing NPL or bad credit, the passing of Ramadan and Idul Fitri which in June encourage consumption. Jo