Indonesia GDP Jumps 5.1%, Fastest in Two Years, Boosting Stocks

Indonesia’s economy expanded 5.12% year on year in the April–June quarter, surpassing the 4.80% pace predicted in a Reuters poll and accelerating from 4.87% in the first quarter, Statistics Indonesia said Tuesday. The result marks the country’s quickest annual growth since the same period in 2023. On a non-seasonally adjusted basis, output rose 4.04% from the previous quarter. The stronger-than-expected reading eases pressure on policymakers who have been contending with the impact of the new U.S. tariff regime and broader global uncertainty. Equity investors welcomed the data: the benchmark Jakarta Composite Index closed 1% higher at 7,540.60 points.