Despite falling exports, Indonesia's economy grew at a faster-than-expected pace in the second quarter driven by household and government spending, official data showed on Monday.
Gross domestic product registered an annual growth of 5.17 percent in the second quarter, following first quarter's 5.04 percent expansion, Statistics Indonesia said. This was faster than economists' forecast of 4.93 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.