Report: Maya I Editor: Isnan
TIMUR MEDIA – East Kalimantan’s economy is starting to show improvement. Either quarterly (qtq) or annually (yoy). On a quarterly basis, growth in the fourth quarter of 2020 grew by 2.06 percent (qtq). After growing in the previous quarter 2.36 percent (qtq).
Meanwhile, on an annual basis, the economy of East Kalimantan is also improving. This can be seen from the reduced contraction in growth to 2.83 percent (yoy) from the contraction in the third quarter of 2020 of 4.61 percent (yoy).
Head of Bank Indonesia Kaltim Representative Tutuk SH Cahyono said that based on the business field. The improvement in East Kalimantan’s economic growth in the fourth quarter of 2020 originated from the mining and processing industry.
The improvement in the mining sector was partly driven by the realization of East Kalimantan’s coal production which experienced improvement in the fourth quarter of 2020. Even though it still contracted by 1.28% (yoy) after contracting quite deep in the previous quarter by 22.67% (yoy).
The manufacturing industry has also shown improvement, although it is still experiencing contraction. “This improvement is reflected in the increased volume of CPO exports, which increased by 32.26% (yoy) after previously growing by 25.07% (yoy), supported by CPO prices which are in an upward trend,” he explained, Monday (9/2).
On the expenditure side, improvement in the economy was also demonstrated by improvements in household consumption (household) and exports, although still contracting.
According to him, the improvement in household consumption performance was mainly due to the relaxation of various restrictions implemented in the fourth quarter of 2020.
As well as the full return to operation of shopping centers and the ease of access to transportation that encourages mobility and community economic activities.
“The increase in community mobility is also reflected in the Google Mobility Index, which shows an improvement in the fourth quarter of 2020 of -9.99% after the previous quarter was recorded at -11.45%,” he said.
Meanwhile, the improvement in export volume came from coal exports, which grew positively at 2.61% (yoy). This was after a 16.38% (yoy) contraction in the previous quarter.
In addition, the high volume of CPO exports also boosted export performance. Sourced from shipments to China, which experienced growth from 28.27% (yoy) in the previous quarter to 68.56% (yoy).
“The high CPO exports to China alone contributed 61% to East Kalimantan’s total CPO exports,” he said.
Tutuk projects that the economy in the first quarter of 2021 will improve again. With a note that the risk of the COVID-19 pandemic can be mitigated properly. So that it opens up opportunities to increase community mobility and regional economic activities.