Indonesia Economy Expands 3.78% QoQ in Q2

Indonesia's GDP grew by 3.78 percent in the second quarter of 2015, following a revised 0.17 percent contraction in the previous quarter and beating market consensus. It is the fastest expansion since the second quarter last year, mainly driven by a rebound in government spending, investment and exports.

On the expenditure side, investment expanded by 3.04 percent, rebounding from a 4.77 percent. Government spending rose 32.17 percent, rebounding from a 48.43 percent. Private consumption grew 1.11 percent, accelerating from a 0.11 percent expansion in the preceding quarter. Private non-profit spending also grew by 2.39 percent, after registering a 1.19 percent decline in the March quarter. Exports increased by 1.56 percent, rebounding from a 6.28 percent fall, and imports rose 1.06 percent from a 10.04 percent drop in the preceding quarter.

On the production side, expansion were seen for: agriculture and forestry sector (+10.09 percent), manufacture (+3.86 percent), electricity and gas (+4.43 percent), construction (+3.14 percent), wholesale and retail trading, bicycle and car reparation (+3.94 percent), transport and warehouse (+3.62 percent), accommodation and good & beverages (+1.74 percent), information and communication (+2.08 percent), real estate (+1.08 percent), corporate services (+1.78 percent), education (+6.31 percent), health and social services (+3.30 percent) and other services (+1.99 percent). In contrast, contraction were seen for: mining and quarrying (-2.57 percent) and finance and insurance (-1.21 percent).

Year-on-year, the economy advanced by 4.67 percent, following a revised 4.72 percent in the first quarter of 2015. It is the slowest expansion since the third quarter of 2009.

Indonesia Economy Expands 3.78% QoQ in Q2

Statistics Indonesia l Rida Husna l
8/5/2015 8:15:02 AM