Indonesia’s economy expanded 5.3% year-on-year in Q2, exceeding expectations despite a slight deceleration from the previous quarter.
Indonesia’s GDP grew 5.3% year-on-year in the second quarter, a slowdown from 5.6% in Q1 but above market consensus. The print reflects resilient domestic demand amid global economic headwinds.
The first-half performance prompted an upward revision to the 2026 growth forecast, though analysts caution against over-optimism due to external risks. Comparable growth in the same period last year stood at 5.2%.
Markets reacted cautiously, with the rupiah and equities showing muted movement as investors await further policy signals.