Indonesia's Q2 economic growth at 5.01% y-o-y, below expectation

[JAKARTA] Indonesia's economy grew at the same pace in the second quarter as in 2017's first period, below market expectations, statistics bureau data showed on Monday.

South-east Asia's largest economy grew 5.01 per cent in April-June from the same period last year, the bureau said, identical with the first quarter result.

A Reuters poll forecast 5.10 per cent annual growth for the three months ended in June.

On a quarterly, non-seasonally adjusted basis, gross domestic product (GDP) expanded by 4 per cent in April-June.

The government targets the economy to grow 5.2 per cent this year, while the central bank forecasts growth in the middle of the 5.0-5.4 per cent range.

REUTERS