Indonesia's economic growth accelerated more than expected in the fourth quarter underpinned by robust household spending, Statistics Indonesia reported Monday.
Gross domestic product grew 5.02 percent from the last year, following a 3.51 percent rise in the third quarter. This was also faster than the expected rate of 4.90 percent and marked the third consecutive growth.
On a quarterly basis, GDP advanced 1.06 percent, but slower than the 1.55 percent expansion posted in the third quarter.
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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.