Indonesia Q2 GDP grows 5.17% y/y, above expectation

JAKARTA: Indonesia’s economy grew 5.17% on an annual basis in the second quarter, the fastest pace in three quarters and beating market expectations, official data showed on Monday.

A Reuters poll had expected gross domestic product (GDP) to expand 4.93% in the April-June quarter compared with the same period a year earlier.

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Growth was 5.04% in the first quarter.

On a quarterly, non-seasonally adjusted basis, GDP expanded 3.86%, compared with the poll’s prediction of a 3.72% growth.