Indonesia's Economy Shrinks 0.18% in Q1


Indonesia's GDP contracted by 0.18 percent in the first quarter of 2015, following a 2.06 percent contraction in the previous quarter, as a small increase in private consumption was unable to offset a decline in government consumption, investment and exports.

On the expenditure side, private consumption rose 0.11 percent, accelerating from 0.03 percent growth in the fourth quarter. Government consumption contracted by 48.68 percent, following a  43.28  percent  expansion in the December quarter. Non-profit institutions serving households spending also declined by 1.19 percent from 1.46 percent growth in the preceding quarter. Investment contracted by 4.72 percent, after registering a 2.99 percent growth in fourth quarter. Exports in the first quarter of 2015 declined by 5.98 percent from  a 4.32 percent expansion in the previous quarter. Imports also fell by 9.98 percent, following a 8.17 percent growth in the preceding period.

On the production side, contractions were seen for: mining and quarrying sector (-9.19 percent), electricity and gas (-7.34 percent), construction (-5.94 percent), education services (-10.89 percent), health services and social activities (-6.39 percent), transport and warehouse (-1.17 percent) and manufacturing (-0.62 percent). In contrast, growth were seen for: the agriculture sector (+14.63 percent), the information and communication sector  (+3.06 percent), the companies services (+2.24 percent) and real estate (+1.17 percent).

Year-on-year, the economy advanced by 4.71 percent, following a 5.01 percent in the last quarter of 2014. It is the slowest expansion since the third quarter of 2009.

Indonesia


Statistics Indonesia | Rida Husna l rida@tradingeconomics.com
5/5/2015 11:55:06 AM