Indonesia Economy Expands 3.20% QoQ in Q3
Indonesia's GDP grew by 3.20 percent quarter-on-quarter in the September quarter of 2016, slowing from an upwardly revised 4.03 percent expansion in the previous three months and below market estimates of 3.22 percent growth. A faster increase in private consumption was unable to offset a drop in government spending and exports while investment slowed.
On the expenditure side, private consumption grew by 3.48 percent, faster than a 1.28 percent rise in the June quarter. Private non-profit spending advanced 4.26 percent (from +2.53 percent in the previous three months. Investment rose 4.06 percent, compared to a 2.55 percent rise in the second quarter. In contrast, government spending fell 0.20 percent, reversing from a 35.42 percent expansion in the preceding quarter. Exports dropped by 3.69 percent ( from +2.29 percent). Imports dropped 5.13 percent, (+3.05 percent).
On the production side, transport & storage rose the most by 5.34 percent, followed by agriculture (+4.69 percent), information and communication (+2.58 percent), mining & quarrying (+2.03 percent), other (+1.95 percent)government administration (+1.72 percent), business service (+1.56 percent), healthcare (+1.54 percent) and real estate (+0.47 percent) . In contrast, electricity and gas contracted by 1.38 percent, followed by education services (-1.31 percent).
Year-on-year, the economy expanded 5.02 percent year-on-year in the third quarter of 2016, compared to an upwardly revised 5.19 percent growth in the June quarter while market estimated a 5.04 percent expansion.
11/7/2016 6:45:45 AM