Indonesia Q3 GDP growth at 5.04% y/y, official data shows


A cargo ship in Tanjung Priok Port, Jakarta — AFP

JAKARTA: Indonesia's annual economic growth decelerated slightly to 5.04% in the third quarter, from 5.12% in the April-June quarter, official data showed on Wednesday.

A Reuters poll had expected growth of 5.00%.

On a non-seasonally adjusted, quarter-on-quarter basis, gross domestic product growth eased to 1.43% in July-September, Statistics Indonesia said.

The third quarter included deadly anti-government protests across the country, starting in late August and running into September.

The government launched a 24.44 trillion rupiah ($1.5 billion) stimulus package in June, and exports grew every month from July to September even as a 19% tariff on U.S. imports from Indonesia took effect in August. - Reuters

 

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , GDP , rupiah

Next In Business News

Enproserve secures RM12mil facility management contract from Perbadanan Putrajaya
ETA Group appoints Kau Sin Yual as chairman
PETRONAS LNG portfolio positions Malaysia to capture Asia’s growing gas demand
Tan Chong, Saike explore EV battery pack localisation in Malaysia
Ringgit ends mostly higher against major currencies, but weakens vs US dollar
MBSB Bank provides RM29.6mil financing to Bisajuta for Sabah infrastructure projects
Reservoir Link secures PPA for 200MWac solar facility in Sarawak
MASkargo, IAG Cargo and Qatar Airways Cargo complete first customer shipment trial
Citi appoints Yik Ping Chong as Malaysia commercial banking head
Binastra records 93.4% revenue growth in 1H27, declares 4.0 sen dividend

Others Also Read