In the third quarter, GDP grew 6.2% over the same quarter last year, which was down from the 6.4% increase observed in the second quarter but slightly above market expectations of a 6.1% expansion. The deceleration in Q3 mainly reflected a slowdown in domestic demand amid a sharp fall in public spending. Private consumption growth remained robust and accelerated from a 5.0% expansion in the second quarter to a 5.7% rise in the third, representing the fastest rate of growth seen in more than three years. In addition, fixed investment rose 10.0% in the third quarter (Q2: +12.3% year-on-year). Government consumption, on the other hand, fell 3.3% in Q3, contrasting the 7.0% expansion seen in the second quarter. On the external side, exports contracted 2.8% in the third quarter, contrasting the 1.9% rise observed in the second quarter. Simultaneously, imports swung from a 10.9% expansion in the second quarter to a 0.6% decline in the third. As a result, the external sector's net contribution to overall growth remained negative but improved from minus 4.6 percentage points in the second quarter to minus 0.8 percentage points in the third. The Central Bank expects the economy to grow between 6.1% and 6.5% this year and between 6.3% and 6.7% in 2013.
Economic growth slows slightly in the third quarter
November 5, 2012
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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%.