Indonesia’s economy grew by 5.17 percent in the April-June quarter from the same period last year, the country’s Central Statistics Agency (BPS) said here on Monday.
The growth accelerated in the second quarter from a revised 5.04 percent expansion in the previous three months.
“In the midst of an estimated slowing global economy and declining prices for leading export commodities, Indonesia’s economy grew by 5.17 percent year over year,” the agency’s deputy head Moh Edy Mahmud said during a press conference.
Mahmud explained the growth in the second quarter was supported by increases in public mobility, steady production growth as well as increasing purchasing power of customers, particularly during the Muslim holy month of Ramadan and the following public holidays.
In Indonesia, the world’s largest Muslim population, companies are obliged to pay bonuses to their employees no later than seven days before a religious holiday, most pressingly Eid al-Fitr.