Indonesia Economy Expands 1.59% QoQ in Q3

2026-11-05 04:11 By Farida Husna 1 min. read

Indonesia’s economy grew 1.59% qoq in Q3 2026, sharply slowing from a 3.73% rise in the previous period but surpassing market estimates of 1.3%.

Private consumption contracted (-0.57% vs 2.69% in Q2), amid higher borrowing costs and deepening job cuts in some sectors.

Government spending was also weak (-1.59% vs 15.08%), reflecting typical seasonal patterns.

Still, fixed investment gained momentum (5.56% vs 5.0%), and net trade contributed positively, as exports continued to rise (7.49% vs 8.41%) while imports fell (-2.30% vs 13.11%).

By sector, output slowed for utilities (2.75% vs 9.0%), wholesale/retail trade (2.93% vs 3.26%), transport (3.36% vs 4.21%), accommodation (1.30% vs 4.03%), and communication (2.27% vs 2.71%).

Agriculture was subdued (0.02% vs 12.26%), with government administration plunging (-18.93% vs 0.56%).

In contrast, activity strengthened for mining (4.11% vs 1.57%), manufacturing (5.44% vs 0.88%), construction (5.02% vs 2.12%), and real estate (2.14% vs 4.13%).



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Indonesia Economy Expands 1.59% QoQ in Q3
Indonesia’s economy grew 1.59% qoq in Q3 2026, sharply slowing from a 3.73% rise in the previous period but surpassing market estimates of 1.3%. Private consumption contracted (-0.57% vs 2.69% in Q2), amid higher borrowing costs and deepening job cuts in some sectors. Government spending was also weak (-1.59% vs 15.08%), reflecting typical seasonal patterns. Still, fixed investment gained momentum (5.56% vs 5.0%), and net trade contributed positively, as exports continued to rise (7.49% vs 8.41%) while imports fell (-2.30% vs 13.11%). By sector, output slowed for utilities (2.75% vs 9.0%), wholesale/retail trade (2.93% vs 3.26%), transport (3.36% vs 4.21%), accommodation (1.30% vs 4.03%), and communication (2.27% vs 2.71%). Agriculture was subdued (0.02% vs 12.26%), with government administration plunging (-18.93% vs 0.56%). In contrast, activity strengthened for mining (4.11% vs 1.57%), manufacturing (5.44% vs 0.88%), construction (5.02% vs 2.12%), and real estate (2.14% vs 4.13%).
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Indonesia Q2 GDP Grows 3.73% QoQ, Strongest Pace in a Year
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Indonesia’s economy contracted 0.77% qoq in Q1 2026, marking its first quarterly GDP decline in a year and coming in less severe than market estimates of a 0.97% drop. The pullback followed a 0.86% growth in Q4, weighed by a sharp reversal in government spending (-30.13% vs 37.68% in Q4) and a fall in fixed investment (-7.54% vs 3.5%). Both exports (-9.15% vs -1.18%) and imports (-8.12% vs 6.62%) slipped, reflecting global and domestic headwinds, including tensions in the Middle East and a softer rupiah. Private consumption growth eased (1.01% vs 1.84%), despite festive demand. By sector, output shrank in mining (-8.20% vs 3.96%), manufacturing (-1.01% vs 0.55%), construction (-4.47% vs 3.88%), and transport (-1.49% vs 1.81%). Growth eased in wholesale/retail trade (0.13% vs 0.68%), financial services (1.38% vs 6.13%), and public administration (13.04% vs 13.59%). Agriculture rebounded (9.56% vs -18.33%), and accommodation gained traction (3.91% vs 1.57%).
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