In the third quarter, gross domestic product (GDP) grew 5.8% over the same quarter last year. The reading fell short of Consensus Forecast panellists' expectations of a 6.1% increase and was below the 6.2% expansion registered in the previous quarter. Private consumption increased 5.2% year-on-year (Q2: +5.0% yoy) and investment added 8.9% (Q2: +7.9% yoy). The net contribution from the external sector to overall growth improved and grew from 0.2 percentage points in the second quarter to 1.3 percentage points in the third. At the sector level, the deceleration over the previous quarter was broad-based, with all sectors deteriorating with the exception of transport and communication. The slowdown compared to the second quarter was mostly due to the unusually severe rains this year, which had a negative impact on Indonesia's agriculture and mining sectors. Despite the slowdown in the third quarter, the Central Bank of Indonesia expects GDP growth to accelerate to 6.2% in the fourth quarter, which would bring full-year growth to 6.1%.
Economic growth below expectations in the third quarter
November 18, 2010
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Indonesia Economic News
October 17, 2016
Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
October 12, 2016
Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.4 in August to 50.9 in September, according to a release provided by Nikkei and IHS Markit.
September 22, 2016
At its 21–22 September monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.25% to 5.00%.