Bali business slightly recovering in the third quarter of 2020 compared to the second quarter of 2020 at the level of -62.1 percent according the Bank of Indonesia. The head of Bank Indonesia Representative Office Bali Trisno Nugroho conveyed that from the results of the Business World Activity Survey showing that the improving business conditions are in line with improvements into the business capacity. The business capacity index in the second quarter of 2020 was -59.7 percent, increasing to 67.59 percent in the second quarter of 2020.
Meanwhile, the development of the accommodation and food and beverage sector in the third quarter of 2020 showed the value of WNB at the level of -9.75 percent, improving compared to conditions in the second quarter of 2020 at the level of -17.55 percent.This condition is driven by the reopening of domestic tourism in Bali, such as the long weekend in August 2020, as well as the promotion by hotels to attract visits,
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Furthermore, the performance of the agricultural sector also improved with the value of WNB in the third quarter of 2020 at the level of -8.17 percent compared to the conditions in the second quarter of 2020 at the level of -12.18 percent. The improvement was mainly due to the return to improvement in the performance of the livestock sub-sector, which experienced a deep decline in Q2 / 2020.Then, the performance of the wholesale and retail trade sector also showed improvement from the second quarter of 2020 with the value of WNB at the level of -8.70 percent to the third quarter of 2020 at the level of 1.89 percent.The commencement of the New Normal Order Bali activities, followed by an improvement in trade performance, especially for non-vehicle trading,” he explained.
A survey of business activities in Bali is conducted every three months to obtain early indication and information on developments in economic activity in the real sector on a quarterly basis, namely the current quarter and forecasts for the coming quarter.The survey for the third quarter of 2020 was conducted during September 2020 with about 129 respondents.
Bali business slightly recovering
Source : https://bali.bisnis.com/