Financial News: Indonesia GDP Growth Softens

Indonesia GDP Growth Softens

08/05/2026 - 05:00:00 (RTTNews)

(RTTNews) - Indonesia's economy grew at a slower pace in the second quarter but surpassed economists' forecast on government spending and investment, official data revealed Wednesday.

Gross domestic product expanded 5.29 percent from the previous year after rising 5.61 percent in the first quarter, Statistics Indonesia reported.

Economists had forecast the annual growth to ease to 5.1 percent. Nonetheless, this was the slowest growth in three quarters.

On a quarterly basis, Southeast Asia's economy grew 3.73 percent in the second quarter, exceeding economists' forecast of 3.5 percent.

Data showed that government spending registered a double-digit year-on-year expansion of 15.97 percent. At the same time, household expenditure rose only 5.06 percent. Gross fixed capital formation advanced 6.87 percent.

Exports increased 4.13 percent annually. Imports growth outpaced the increase in exports, up by 8.82 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

German Economic Sentiment Hits 6-Month High (34 min(s), 10 sec(s) ago)
(RTTNews) - German economic confidence rose to a six-month high in August driven by good company r ...Full Story»

Ireland Trade Surplus Shrinks In June (38 min(s), 10 sec(s) ago)
(RTTNews) - Ireland's foreign trade surplus decreased in June from a year ago as imports grew ...Full Story»

Spain Trade Gap Widens In June (02 hr(s), 07 min(s), 10 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in June from a year ago as imports ...Full Story»

UK Unemployment Rate Remains Stable (03 hr(s), 49 min(s), 10 sec(s) ago)
(RTTNews) - The UK unemployment rate remained stable in the three months to June, the Office for N ...Full Story»

Australia Consumer Sentiment Data Due On Tuesday (49 min(s), 50 sec(s) ago)
(RTTNews) - Australia will on Tuesday see August results for the consumer sentiment index from Wes ...Full Story»

U.S. Homebuilder Confidence Unexpectedly Improves Modestly In August (36 min(s), 50 sec(s) ago)
(RTTNews) - The National Association of Home Builders released a report on Monday unexpectedly sho ...Full Story»

New York Manufacturing Index Unexpectedly Jumps To Over Four-Year High In August (25 min(s), 50 sec(s) ago)
(RTTNews) - New York manufacturing activity grew strongly in the month of August, according to a r ...Full Story»

New York Manufacturing Index Unexpectedly Increases In August (28 min(s), 50 sec(s) ago)
(RTTNews) - New York manufacturing activity grew strongly in the month of August, according to a r ...Full Story»