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|Date: 5 August 2011 - Author: The Jakarta Post|
|Indonesia’s economy grew 6.5 percent in the second quarter of this year on the back of strong domestic consumption and rapid growth of exports and investment, the Central Statistics Agency (BPS) says.|
|BPS chairman Rusman Heriawan said Friday that exports, which contributed 27.3 percent to the growth in the second quarter, grew 17.4 percent, while investment, which accounted for 31.6 percent of the growth, increased 9.2 percent during the April-June period.|
“Household consumption was still the biggest contributor to the economic growth, growing by 4.6 percent and accounting for 54.3 percent of the national economy,” Rusman said at the BPS headquarters in Jakarta on Friday.
Telecommunications and transportation also remained the fastest growing sectors in the second quarter compared with the same period last year, outperforming overall growth and growing by 10.7 percent on a yearly basis, BPS data shows.
Economists and central bank and government officials have also forecast 6.5 percent growth for the second half of the year, to support the full-year growth target of 6.5 percent in 2011.