Indonesia Economy Expands 4% QoQ in Q2

Indonesia's GDP expanded 4 percent quarter-on-quarter in the three months to June of 2017, following a 0.34 percent decline in the previous period and missing market consensus of 4.10 percent. It was the first quarterly expansion in the economy since the third quarter of 2016, boosted by private consumption, fixed investment and government spending.

On the expenditure side, private consumption advanced 1.32 percent (0.15 percent in Q1) and fixed investment grew 2.95 percent (-5.45 percent in Q1). Also, private non-profit consumption went up 2.93 percent (-1.69 percent in Q1) and government spending expanded 29.37 percent (-45.55 percent in Q1). Meanwhile, exports went down 2.09 percent (0.57 percent in Q1) and imports decreased 1.55 percent (-4.50 percent in Q1). 

On the production side, output grew for: Educational services (2.99 percent from -10.39 percent in Q1); government administration (0.11 percent from -7.91 percent); healthcare (0.63 percent from -1.72 percent); transport and storage (2.91 percent from -1.18 percent); mining and quarrying (0.41 percent from -0.93 percent); manufacturing (2.84 percent from 0.55 percent); wholesale and retail trade (2.82 percent from -0.06 percent); business services (2.52 percent from 2.21 percent); other services (2.56 percent from 1.89 percent); water and waste management (1.26 percent from 0.69 percent); information and communication (5.65 percent from 0.31 percent); finance and insurance (1.96 percent from 1.91 percent); agriculture (8.44 percent from 15.59 percent); and real estate (1.16 percent from 1.79 percent). In contrast, output contracted for electricity and gas (-0.99 percent from -3.45 percent in Q1).

Year-on-year, the economy expanded 5.01 percent, the same pace as in the first quarter but below market estimates of a 5.10 percent growth.

Indonesia Economy Expands 4% QoQ in Q2

Statistics of Indonesia l Chusnul Ch Manan|
8/7/2017 11:33:57 AM