The Indonesian economy advanced 4.67 percent year-on-year in the second quarter of 2015, down from a revised 4.72 percent expansion reported in the previous period. It is the slowest growth since the third quarter of 2009.
On the expenditure side, private consumption expanded by 4.97 percent year-on-year, slowing from a 5.01 percent growth in the preceding quarter. Government spending rose by 2.28 percent, after registering a 2.71 percent growth in the March quarter. In contrast, private non-profit expenditure shrank by 7.91 percent, following a 8.25 percent drop in the previous quarter. Gross fixed capital formation grew by 3.55 percent year-on-year, slowing from a 4.29 percent expansion in the preceding quarter. Exports fell 0.13 percent, following a 0.85 percent decline in the first quarter. Imports declined by 6.85 percent, accelerating from a 2.27 percent fall in the March quarter.
On the production side, mining and quarrying sector contracted by 5.87 percent year-on-year, following a 1.23 percent drop in the March quarter. In contrast, education sector recorded the highest annual growth rate of 12.16 percent, followed by communication and information sector (+9.56 percent); health services and social activities (+8.16 percent); other services (+8.07 percent), corporate services (+7.64 percent); agriculture and forestry (+6.64 percent), transportation and warehouse (+6.59 percent); goverment administration; defense and mandatory social security (+6.46 percent); construction (+5.35 percent); real estat (+5.03 percent), manufacture (+4.42 percent); accommodation and food & beverages (+3.87 percent); finance and insurance (+2.46 percent), wholesale and retail trading, bicycle and car reparation (+1.69 percent) and gas and electricity (+0.76 percent).
On a quarter-on-quarter basis, the economy expanded by 3.78 percent, following a revised 0.17 percent contraction in the previous quarter. Private consumption grew 1.11 percent, accelerating from a 0.11 percent expansion in the preceding quarter. Government spending rose 32.17 percent, rebounding from a 48.43 percent drop in the March quarter. Private non-profit spending also grew by 2.39 percent, after registering a 1.19 percent decline in the March quarter. Investment expanded by 3.04 percent, rebounding from a 4.77 percent. Exports grew by 1.56 percent from a 6.28 percent fall and imports rose 1.06 percent from a 10.04 percent drop in the preceding quarter.
8/5/2015 11:01:00 AM