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Indonesia’s Q2 economic growth falls below expectations

by ChemOrbis Editorial Team - content@chemorbis.com
  • 07/08/2017 (16:26)
Data released from Indonesia’s statistics bureau revealed that the country’s economic growth in the second quarter missed expectations. The Indonesian economy grew by 5.01% in the three months ending in June despite the fact that economists’ estimates were calling for a growth rate of 5.10% for the quarter.

The deceleration in the economy’s growth was attributed to lower public spending, which accounts for more than half of the total GDP of the country.

The latest data also showed that government spending fell 1.9% on a yearly basis while investment rose 5.35% compared to the same quarter of 2016. The construction sector also grew by 6.96% on a year over year basis. In addition, growth in exports also slowed to 3.5% in the April-June period compared the first quarter.
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