Indonesia Economy Expands 4.02% QoQ in Q2

Indonesia's GDP grew by 4.02 percent quarter-on-quarter in the June quarter of 2016, rebounding from an upwardly revised 0.36 percent contraction in the previous three months and beating estimates of a 3.79 percent expansion. It was the first expansion in two quarters boosted by a rebound in investments, exports and private spending and a rise in government expenditure.

On the expenditure side, private consumption grew 1.28 percent, following a 0.16 percent rise in the March quarter. Government spending expanded  by 36.16 percent, reversing from a 49.44 percent expansion in the preceding quarter. Private non-profit spending advanced  2.53 percent, after falling 2.89  percent in the previous three months. Investment  rose 2.55 percent, as compared to a 5.75 percent contraction in the first quarter. Exports went up by 2.29 percent from a 3.09 percent drop. Imports rose  3.05 percent, after declining 7.05 percent in the March quarter.

On the production side, agriculture and forestry sector grew the most by 11.90 percent, followed by manufacture (+3.63 percent), electricity and gas (+3.2 percent), water supply and waste management  (+1.96 percent), construction (+1.55 percent), wholesale and retail trade (+3.84 percent), transport & storage (+2.50 percent), food & accommodation (+1.09 percent), information and communication (+2.31 percent), finance & insurance sector (+1.99 percent), real estate (+0.68 percent), education (+6.36 percent), healthcare (+1.22 percent) and other (+1.96 percent). In contrast, mining and quarrying contracted by 1.38 percent.

Year-on-year, the economy expanded by 5.18 percent year-on-year in the second quarter of 2016, as compared to a downwardly revised 4.91 percent growth in the March quarter and above market consensus of a 5.0 percent expansion. It was the strongest growth since the December quarter 2013.

Indonesia Economy Expands 4.02% QoQ in Q2

Statistics Indonesia l Rida Husna |
8/5/2016 3:38:13 PM