Indonesia Economy Contracts 1.77% QoQ in Q4


Indonesia's GDP shrank 1.77 percent quarter-on-quarter in the fourth quarter of 2016, compared to a downwardly revised 3.13 percent growth in the September quarter. It was the first contraction in three quarters and in line with markets estimates of a 1.8 percent decrease, as private consumption stalled while investment rose further and government spending and exports rebounded.

In the December quarter, private consumption was nearly flat (-0.02 percent), compared to a 3.45 percent rise in the preceding three months. Private non-profit spending advanced 2.83 percent (4.26 percentin the previous period). Government spending surged 39.49 percent (-0.19 percent) and investment rose 4.56 percent (3.52 percent). Exports went up 8.93 percent (-3.64 percent) and imports jumped 12.67 percent (-5.09 percent). 

On the production side, agriculture decreased the most by 21.24 percent (+4.67 percent in the previous period), followed by finance and insurance sector (-0.81 percent from 2.79 percent), manufacturing (-0.69 percent from 0.83 percent), whole sale and retail trade (-0.40 percent from 1.39 percent). In contrast, growth was seen for: mining & quarrying (2.18 percent from 0.58 percent in the previous period), electricity and gas (4.17 percent from -2.12 percent),  other services (1.97 percent from 1.95 percent), information and communication (1.74 percent from 2.84 percent), business service (1.62 percent from 1.56 percent), water and waste management (1.22 percent from 0.45 percent), transport & storage (1.10 percent from 5.39 percent), real estate (0.41 percent from 0.45 percent), education services (10.74 percent from -1.28 percent), healthcare (6.91 percent from 0.63 percent) and government administration (6.67 percent from 1.66 percent).

Year-on-year, the economy expanded 4.94 percent, compared to a downwardly revised 5.01 percent growth in the September quarter while market estimated a 5.07 percent expansion. It was the slowest growth since the March quarter.

Statistic of Indonesia | Chusnul Ch Manan | chusnul@tradingeconomics.com
2/6/2017 1:18:46 PM