Indonesia's GDP grew 5% in Q1
This is based on results from a retail sales survey.
According to OCBC Investment Research, Bank Indonesia’s Retail Sales Survey reveals that Indonesia’s GDP grew 5.0% y-o-y in 1Q17, and is expected to grow 5.1% to 5.2% YoY for 2017 according to recent comments by Bank Indonesia’s deputy governor. In addition, real sales growth in Indonesia grew 4.2% y-o-y in March, with the growth mainly driven by spending on food.