JAKARTA - The contribution of gross fixed capital formation (PMTB) or investment in national economic growth shows a downward trend.
Head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti, revealed that PMTB's contribution to economic growth in the first quarter of 2025 was recorded at 0.65 percent year-on-year (yoy). This figure decreased when compared to the fourth quarter of 2024 by 1.61 percent (yoy) and the first quarter of 2024 by 1.18 percent (yoy).
"Economic growth in the first quarter of 2025 is also supported by PMTB with a growth source of 0.65 percent," he said at a press conference, Monday, May 5.
However, Amalia did not reveal in detail the cause of the slowdown, but she said that PMTB was still growing positively. This is reflected in several investment indicators, such as increasing imports of capital goods, especially machinery and vehicles.
Next is the PMTB Sub-component which recorded positive growth, including machinery and equipment and vehicles.
Amalia added that the main source of economic growth in the first quarter of 2025 came from household consumption which contributed 2.61 percent (yoy). However, this figure decreased slightly compared to consumption contributions in the first and fourth quarters of 2024, which were 2.62 percent (yoy), respectively.
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According to him, this growth in consumption is driven by the momentum of Ramadan and Eid al-Fitr, especially in the transportation and communication sectors, restaurants, and hotels.
In addition, net exports recorded a contribution of 0.83 percent (yoy), and reversed the contraction trend in the first and fourth quarters of 2024, which was 0.06 percent and 0.20 percent (yoy), respectively.
Amalia explained that exports grew positively, mainly supported by non-oil and gas and services that experienced increased export value and volume, including animal/drug fats and oils, iron and steel, machinery and mechanical equipment, as well as vehicles and their components.
Finally, the contribution from other components reached 0.86 percent in the first quarter of 2025, an increase from the fourth quarter of 2024 which was 0.58 percent.
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