Statistics Indonesia reported Q2 GDP rose 5.29% YoY, above economists’ median
forecast of 5.14% but below Q1’s 5.61%. Strong household consumption and
investment underpinned growth amid a challenging external backdrop. Statistics
Indonesia deputy head Edi Mahmud said all sectors except mining expanded.
Manufacturing, agriculture, trade, construction and mining together account for
64% of GDP. The rupiah strengthened about 0.6%, while Indonesian equities and
10-year government bonds held earlier gains.
