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Jakarta Post

Survey sees slower biz expansion in first quarter

  • Novia D.Rulistia

    The Jakarta Post

Jakarta   /   Tue, March 18 2008   /  01:15 am

Expansion in the business sector is likely to slow down in the first quarter of 2008, emulating a similar trend in the previous quarter, a Bank Indonesia survey says. According to the survey released Monday, the nation's business sector expanded by 15.25 percent in the fourth quarter of 2007, a drop from 21.99 percent the previous quarter, which was the highest quarterly growth recorded in 2007. In the first quarter of last year, the sector contracted by 0.24 percent. It is estimated the decline in the last quarter will continue into the first quarter of this year, in part because of slower demand, the survey found. Entrepreneurs, the survey respondents, said although there would be an increase in business activities in almost all sectors in the first quarter of this year, the growth would be slower than in the previous quarter. "Growth in business ex...