MacroAug 6, 2026, 9:32 PM

Indonesia Q2 GDP grows 5.3% y/y, topping forecast but details mixed

Indonesia’s economy expanded 5.3% year-on-year in the second quarter, surpassing Societe Generale’s 5.1% estimate, though the growth composition raised concerns.

Indonesia's Gross Domestic Product (GDP) rose 5.3% year-on-year in the second quarter of 2026, according to Societe Generale economist Kunal Kundu. The result came in above the bank's forecast of 5.1%.

However, Kundu cautioned that the composition of the growth is less encouraging, pointing to underlying weaknesses despite the headline beat.

Source: FXStreet Forex News

18hMacroUS Manufacturing PMI Hits 56.0 in October, Highest Since May 2022S&P Global's US manufacturing PMI rose to 56.0 in October, beating expectations, while services and composite measures slipped slightly but remained near multi-year highs.
22hMacroNew US and Chinese AI billionaires add $87 billion in nine monthsCombined wealth of first-time AI billionaires from the US and China rose by $87 billion in the first nine months of 2026, reaching $221 billion, according to The Kobeissi Letter.
1dMacroAI token spending growth slows to 0.2% in September, lowest since November 2025Monthly AI token spending rose just 0.2% in September, the weakest pace since November 2025, as lower model prices and efficiency gains cut the average cost per million tokens.
2dMacroBorn2trade CEO: “Everything is about gold now. Gold traders dictate industry standards and features”Konstantin Rashap, CEO of Born2trade, says 70-90% of retail clients now trade gold, forcing brokers to compete on overnight swap costs, leverage and loyalty incentives rather than spreads alone.
2dMacroJapan Economy Minister Kiuchi Urges BOJ to Follow Joint StatementJapan’s economy minister Kiuchi said he hopes the Bank of Japan will guide policy appropriately based on its joint statement with the government, which calls for stable and sustainable price stability.

Related