Indonesia’s second-quarter GDP expanded faster than expected, though underlying momentum shows mixed signals, economists note.
Indonesia’s economy grew 5.3% year-on-year in the second quarter, exceeding Societe Generale’s 5.1% forecast. The headline figure reflects stronger-than-anticipated activity, but the composition of growth raises concerns.
The print surpasses the prior quarter’s 5.0% expansion and consensus estimates. However, economists warn that the underlying drivers may not be as robust, with uneven sector performance and potential headwinds ahead.
Markets are assessing the data for implications on monetary policy, though no immediate reaction has been reported.