Indonesia Economy Slows to 3.21% QoQ in Q3

Indonesia's GDP expanded by 3.21 percent in the third quarter of 2015, slowing from a 3.78 percent growth in the previous three months and below market expectations. A faster increase in private consumption and investment were unable to offset a significant slowdown in government spending and a slightly fall in exports.

On the expenditure side, private consumption grew 3.66 percent, accelerating from a 1.10 percent expansion in the preceding quarter. Government spending rose 9.27 percent, slowing from a 32.05 percent expansion in the June quarter. Private non-profit spending also grew by 3.64 percent, after registering a 2.39 percent rise in the previos three months. Investment expanded by 3.38 percent, accelerating from a 3.10 percent. Exports slightly fell by 0.02 percent from a 1.79 percent growth Imports also dropped by 4.40 percent from a 1.04 percent increase in the preceding quarter

On the production side, expansion were seen for: agriculture and forestry sector (+5.09 percent), mining and quarrying (+1.90 percent), manufacturing (+0.54 percent), water and waste management (+2.81 percent), 
construction (+4.88 percent), wholesale and retail trading (+1.38 percent), transport and warehouse (+3.69 percent), accommodation and good & beverages (+1.57 percent), information and communication (+3.15 percent), finanace & insurance (+7.03 percent), real estate (+1.21 percent), education (+1.95 percent), health and social services (+3.76 percent) and other services (+2.14 percent). In contrast, electricity and gas contracted by 0.85 percent. 

Year-on-year, the economy advanced by 4.73 percent, following a 4.67 percent growth in the second quarter of 2015. 

Indonesia Economy Slows to 3.21% QoQ in Q3

Statistics Indonesia l Rida Husna |
11/5/2015 5:48:40 AM