Indonesia's economic growth surprises market as questions arise over data
Gross domestic product in Southeast Asia's biggest economy grew by 5.12 per cent in the April-June period, a rise from 4.87 per cent in the first quarter, according to Statistics Indonesia (BPS), the country's statistics agency, which released the data on August 5.
BPS said the growth was sustained by domestic consumption, which increased by 4.97 per cent year on year, as well as by manufacturing investment, which grew by 6.99 per cent, the highest rise since the second quarter of 2021. The manufacturing industry grew by 5.68 per cent year on year, according to BPS.
Household spending contributed to 54.25 per cent of Indonesia's GDP in the second quarter.
The announced figures were higher than market forecasts of around 4.8 per cent, as initially polled by Reuters.
Jakarta-based think tank Centre of Economic and Law Studies (Celios) said the official economic statistics were 'odd' and it had filed a request to the UN Statistics Division (UNSD) and Statistical Commission on August 8 to 'launch a technical diagnostic review of Indonesia's GDP calculation framework, with particular attention to anomalies in Q2 2025 reporting'.
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