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Indonesia's Q2 GDP expands 7.07per cent y/y, beating forecast

Indonesia's Q2 GDP expands 7.07per cent y/y, beating forecast

FILE PHOTO: A general view of the skyline of Jakarta, the capital city of Indonesia, August 5, 2021. REUTERS/Ajeng Dinar Ulfiana

JAKARTA : Indonesia's economy grew 7.07per cent in the April-June quarter compared with a year earlier, beating market estimates and marking its first expansion in five quarters, statistics bureau data showed on Thursday.

The second-quarter growth rate was also the highest in more than a decade. A Reuters poll of analysts had expected growth of 6.57per cent. The bureau revised the first quarter's contraction to 0.71per cent.

On a quarterly, non-seasonally adjusted basis, Southeast Asia's largest economy grew 3.31per cent, compared with a revised 0.92per cent drop in January-March. Analysts had expected 2.94per cent.

(Reporting by Gayatri Suroyo and Fransiska Nangoy; Editing by Kim Coghill)

Source: Reuters

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