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Indonesia registers 5.02 percent growth in Q3

Staff Writer | November 8, 2016
Indonesia recorded 5.02 percent growth in the third quarter this year, slower than 5.18 percent it gained in the second quarter due to sluggish growths experienced by most its trade partner countries and domestic factors.
Indonesia factory
Asia   The global economy condition is yet to be stable
"The global economy condition is yet to be stable with uneven growth distributions were seen in several countries," Indonesia's Central Statistics Bureau chief Suhariyanto said in his office.

He, however, said that growth figure in the third quarter this year was apparently higher than 4.73 percent in the corresponding period last year.

Suhariyanto said that downturns in Indonesia's trade partner nations such as South Korea and Singapore, that posted 2.7 and 0.6 percent in the period, have significantly affected Indonesia.

The two nations' growths in the third period this year were decreased by 3.3 and 2 percent from the second quarter respectively.