Indonesia’s economy gathered pace in July-September, with gross domestic product (GDP) up 5.47% from a year earlier, faster than the second quarter, Statistics Indonesia (BPS) said Thursday.
Anadolu Agency reported that economists had expected growth of 5.18%. GDP rose 5.29% year over year in the second quarter and gained 1.59% from the previous quarter in July-September. BPS data showed a 5.45% increase from a year earlier across the first nine months.
Government final consumption increased 8.95% year over year, the largest rise among expenditure components, BPS data showed. Accommodation and food services posted an 11.22% annual gain, the highest among industries; all industries recorded annual growth.
At current prices, manufacturing made up 19.22% of GDP; its output increased 5.44% from the second quarter.
