EconomyIndonesia Q2 GDP growth accelerated to 5.17% on strong spending
Consumption during Ramadan helped expand Southeast Asia's largest economy
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
August 7, 2023 13:11 JST
Updated on August 7, 2023 15:51 JST
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.