The Indonesian economy grew at slower pace in the first quarter of 2012, reports said Monday citing figures released by Statistics Indonesia.
The gross domestic product expanded 6.3 percent year-on-year in the first quarter, slower than 6.5 percent growth in the fourth quarter of 2011. The outcome was in line with economists' expectations.
On a quarterly basis, the GDP rose 1.4 percent following a 1.3 percent contraction in the preceding three-month period. Expectations were for a 1.47 percent growth.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.