ndonesia's economic growth rate rose marginally in the fourth quarter, a Reuters poll showed, helped by better commodity exports and resilient consumer spending. (Reuters Photo/Beawiharta)

Indonesia GDP Growth Seen Inching Up in Q4

BY :NILUFAR RIZKI & HIDAYAT SETIAJI

FEBRUARY 02, 2017

Jakarta. Indonesia's economic growth rate rose marginally in the fourth quarter, a Reuters poll showed, helped by better commodity exports and resilient consumer spending.

The median forecast of 18 analysts in the poll for gross domestic product (GDP) to expand 5.07 percent in October-December from a year earlier. In the third quarter, the economy grew 5.02 percent on an annual basis. Data is due on Monday, Feb 6 around 04:00 GMT.

For full-year 2016 growth, the median forecast from 17 analysts was 5.03 percent growth, an improvement from 2015's 4.79 percent.

On Thursday, Indonesia's planning minister said he saw growth for all of last year at 5.0 percent.

The median forecast for 2017 growth from 10 analysts was 5.20 percent.

Indonesia will also report quarterly growth on Monday, but it is not seasonably adjusted. The poll saw a contraction of 1.80 percent, compared with July-September's 3.2 percent expansion.

Reuters

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