TEMPO.CO, Jakarta – The Central Statistics Agency (BPS) announced that the third quarter economic growth reached 5.01 percent, down from the previous quarter's 5.12 per cent. BPS chief Suryamin said both global and domestic factors affected the country's economic growth in the third quarter.
The global factor, said Suryamin, is the weakening of growth rates in China and Japan, Indonesia's major export destination countries. China's third quarter economic growth slowed to 7.3 percent while Japan' posted a growth of minus 0.2 percent.
"Both countries are Indonesia's largest export markets," Suryamin said at BPS headquarters in Jakarta, Wednesday, November 5.
Domestically, the economy was influenced by the declining prices of Indonesia's top commodities such as cocoa and palm oil. "The prices are still not back to normal," he said.