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Indonesia posts 7.27% growth in non-oil industry  Join our daily free Newsletter

MENAFN - 07/12/2012

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(MENAFN) Indonesia's Industry Minister, MS Hidayat, stated that in the third quarter, the country's non-oil and gas processing industry grew 7.27 percent from a year ago, reported Xinhua News.

Hidayat said that in the previous quarter, the sector expanded by 6.07 percent, whereas it posted a growth of 6.83 percent last year.

The downstream non-oil and gas industry has contributed by 1.62 percent to the country's gross domestic product (GDP), followed by hotel and restaurant business, which added 1.02 percent.

It is worth noting that the Indonesian government has banned exports of 65 raw mining products, to push miners to establish smelters and to pay exports tax of 20 percent.

 






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