Indonesia's economic growth slows in second quarter
Indonesia's economic growth slowed slightly in the second quarter of the year, though the data released by the statistics agency on Aug. 5 still beat expectations thanks to strong household and government spending.
Southeast Asia's largest economy expanded 5.3 percent in April-June, compared with the 5.6 percent seen in the previous three months. It was, however, better than the 5.1 percent projected in a survey of economists by Bloomberg.
Household expenditure, which accounts for more than half of gross domestic product, increased 5.1 percent, Statistics Indonesia official Moh Edy Mahmud said.
"Household consumption grew strongly, driven by the momentum (from) holiday and religious holiday" spending, he added.
