In the second quarter, GDP grew 6.5% over the same quarter the year before, maintaining the pace of expansion observed in the previous quarter and coming in line with market expectations. Growth in the April-June period continued to be supported by vigorous domestic and, to a lesser extent, external demand. Private consumption increased 4.6% year-on-year (Q1: +4.5% yoy), while investment expanded 9.2% (Q1: +7.3% yoy). Exports of goods and services added 17.4% in the second quarter, up from 12.3% in the first. At the same time, imports grew 16.0% (Q1: +15.6% yoy). Owing to the acceleration in exports, the net contribution from the external sector to overall growth rose from 0.1 percentage points in the first quarter to 2.1 percentage points in the second. At the sector level, the expansion was led by an increase in services, which grew 8.3% (Q1: +8.3% yoy), boosted by trade, hotel and restaurants as well as by the transport and communication sub-sectors. The industrial sector grew 4.8% in the second quarter (Q1: +4.8% yoy) on the back of solid manufacturing activity. Finally, agriculture expanded 3.9% in Q2 (Q1: +3.6% yoy). The Central Bank expects the economy to grow between 6.3% and 6.8% in 2011 and between 6.4% and 6.9% in 2012.
Economy maintains pace in the second quarter
August 5, 2011
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Indonesia Economic News
October 20, 2016
At its 19–20 October monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.00% to 4.75%.
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.