INDONESIA 2Q12 GDP AT 6.4% vs exp 6.1%

Indonesia’s 2Q12 GDP grew 6.4 percent on a y/y basis and growth in the previous quarter was 6.3 percent. Stronger demand in the country fueled by availability of credit saw the nation pull of a stronger number for the quarter.  Expectations came in at 6.1 percent for there were chances of slower exports weighing on the country.

On a q/q basis, GDP grew 2.8 percent. (CNBC)



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