Indonesia GDP edges up to 5.01% in Q1

Listen to this article

00:00
00:00

Indonesia’s economic activity notched a marginal rise in year-on-year growth during the first quarter, in line with expectations, as quarter-on-quarter contraction decelerated.

Gross domestic product grew 5.01 per cent year on year in the first quarter of 2017, eking out a slight increase from 4.94 per cent growth in the December quarter and hitting a mean forecast of 5 per cent from economists polled by Reuters.

In quarter-on-quarter terms GDP contracted 0.34 per cent during the three months ended March, improving from a fall of 1.77 per cent in the fourth quarter and in line with expectations of a 0.35 per cent drop.

Recent indicators have suggested mild improvement in Indonesia’s economic straits, with manufacturing PMI climbing to a 10-month high in April on growth in new orders and export demand.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.