This photo shows a general view of a traffic jam on a main roads leading into the city center of Jakarta on May 8, 2024 as thin haze of pollution sits over the city’s skyline.<\/p>\n
Bay Ismoyo | Afp | Getty Images<\/p>\n
Indonesia’s annual economic growth\u00a0accelerated to 5.12%\u00a0in the second quarter from 4.87% in the previous three months, official data showed Tuesday.<\/p>\n
A Reuters poll had expected growth of 4.80%. The second-quarter growth rate was the fastest since the second quarter of 2023, data from the statistics bureau showed.<\/p>\n
On a non-seasonally adjusted, quarter-on-quarter basis, gross domestic product expanded 4.04%\u00a0in April-June, Statistics\u00a0Indonesia\u00a0said.<\/p>\n
Ahead of Tuesday’s data, Bank\u00a0Indonesia, which has cut policy rates four times since September, forecast economic growth would be in a range of 4.6% to 5.4% this year.<\/p>\n
Manufacturing helped drive the stronger-than-expected growth,\u00a0helped by demand for export goods such as palm oil products and base metals as well as domestic demand for pharmaceuticals.<\/p>\n
Frontloading of export orders as buyers sought to get ahead of U.S. tariffs has seen the value of exports rise in the first half of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"This photo shows a general view of a traffic jam on a main roads leading into the city…\n","protected":false},"author":2,"featured_media":60138,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[8073,28,122,2447,101,22389,3996,45042,8348],"class_list":["post-60137","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-asia-economy","tag-business","tag-business-news","tag-economic-growth","tag-economy","tag-gross-domestic-product","tag-indonesia","tag-metal-manufacturing","tag-southeast-asia"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/60137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=60137"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/60137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/60138"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=60137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=60137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=60137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}