Fri, 16 May 2008
Jakarta (ANTARA News) - The Indonesian economy grew 6.28 percent in the first quarter compared with a year ago, driven by exports and investment, an official said Thursday.

Exports grew 15.03 percent in the first three months of the calendar year while investment surged 13.3 percent compared to the same time last year, Central Bureau of Statistics deputy chairman Slamet Sutomo was quoted by AFP as saying.

The share of investment in GDP increased to 25.34 percent from 23.8 percent in the first quarter of 2007, he said. Private consumption rose 5.5 percent.

The economy grew 2.15 percent over the last quarter of 2007 thanks to a 5.68-percent surge in exports.

Higher food prices pushed down private consumption by 0.45 percent from the previous quarter. Government consumption meanwhile plummeted 30.45 percent and investment shrank by 0.64 percent.

The GDP data was within analysts' expectations. (*)



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