The NSO attributes this upward momentum to heightened economic activities, including boosted power generation, healthier bank deposit collections, increased credit flows, steady non-life insurance premiums, and rebounding trade services.
Sector-wise Performance: Highs and Lows
Out of the 18 major industrial classifications, 16 sectors are projected to experience positive growth this quarter.
Top Performing Sectors
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Electricity & Gas: Leading the charge with a massive 24.88% growth, driven by a strong performance in the hydropower sector.
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Financial & Insurance Activities: Expected to expand by 10.27%.
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Transport & Storage: Projected to grow by 7.83%.
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Wholesale & Retail Trade: Estimated to increase by 5.25%.
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Agriculture (The Largest Contributor): Anticipated to grow by 1.58%. While a dip in rice crop production held it back, steady gains in livestock, vegetables, fruits, and forestry kept the sector in positive territory.
Contracting Sectors
Despite the broader upward trend, two key areas witnessed a slowdown, pulling down the overall potential growth rate:
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Public Administration & Defense: Expected to grow by just 1.59%.
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Industrial Manufacturing: Nearly stagnant with a marginal 0.54% growth, heavily impacted by lower imports of construction materials and reduced production of household goods and rice crops.
Quarter-on-Quarter (QoQ) Outlook
| Indicator Type |
Growth Rate |
| Year-on-Year (Compared to Q3 2081/82) |
+3.51% |
| Quarter-on-Quarter (Seasonally Adjusted vs. Q2 2082/83) |
+0.58% |
