• Indonesia’s GDP grew at a 5.7% YoY rate from last year’s first quarter, where nominal value came in at Rp1,498.7tn and real GDP (2000 prices) came in at Rp558.1tn. Market expectation was for 5.8% YoY growth. The three biggest sectors, manufacturing, trade, and agriculture sector which makes up more than half of total GDP or 56.5%, grew by 3.6%, 9.3% and 2.9% YoY.
• While according to expenditure, household consumption still dominates by spending an amount of Rp320.2tn in 1Q10, growing by 3.9% YoY and 0.9% QoQ. This enabled Indonesia to book a positive quarterly growth of 1.9% QoQ, as all other sectors contracted from the previous quarter’s result.
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