Indonesia Q2 GDP growth accelerated to 5.17% on strong spending

Consumption during Ramadan helped expand Southeast Asia's largest economy

20230807 Indonesia skyline

Indonesia's GDP grew 5.17% in the April-June quarter from a year earlier, buoyed by strong consumer spending during the Muslim holy month of Ramadan. (Photo by Ken Kobayashi)

NANA SHIBATA and ISMI DAMAYANTI, Nikkei staff writers

JAKARTA -- Indonesia's economy grew 5.17% in the April-June quarter from a year earlier, accelerating from a revised 5.04% expansion in the January-March quarter, the country's statistics agency said on Monday, buoyed by strong consumer spending during the Muslim holy month of Ramadan and the following holidays.

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