Indonesia’s Q2 economic growth at 5.01 pct y/y, below expectation

JAKARTA, Aug 7 (Reuters) – Indonesia’s economy grew at the same pace in the second quarter as in 2017’s first period, below market expectations, statistics bureau data showed on Monday.

Southeast Asia’s largest economy grew 5.01 percent in April-June from the same period last year, the bureau said, identical with the first quarter result. A Reuters poll forecast 5.10 percent annual growth for the three months ended in June. On a quarterly, non-seasonally adjusted basis, gross domestic product (GDP) expanded by 4.00 percent in April-June.

The government targets the economy to grow 5.2 percent this year, while the central bank forecasts growth in the middle of the 5.0-5.4 percent range. KEY DATA: y/y q/q Q2 2017 5.01 4.00 Q1 2017 5.01 -0.34 Q4 2016 4.94 -1.77 Q3 2016 5.01 3.13 Q2 2016 5.18 4.01 (Reporting by Hidayat Setiaji and Nilufar Rizki; Writing by Gayatri Suroyo; Editing by Richard Borsuk)

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