Inp.polri.go.id - Jakarta. Nita A. Muelgini, Director of the Communication Department at Bank Indonesia (BI), stated that BI affirms Indonesia's robust growth in Q3 2023 amidst global uncertainty, on Tuesday (7/11/23). Central Bureau of Statistics (BPS) data shows Indonesia's Q3 2023 economy grew at 4.94% (Year-on-Year/YoY), slightly lower than the previous quarter's 5.17% (YoY). BI anticipates sustained growth for 2023 (4.5-5.3%) driven by domestic demand, encompassing private consumption, government spending, and investment. Household consumption, growing at 5.06% (YoY), played a pivotal role in Q3 2023's economic vigor, bolstered by stable purchasing power and heightened consumer confidence. Meanwhile, a shift in the 13th-month salary distribution led to a -3.76% (YoY) contraction in government consumption. Investment surged by 5.77% (YoY) due to ongoing government infrastructure projects, including those in the new capital city (IKN) in East Kalimantan. While goods exports contracted by -4.26% (YoY) due to global economic slowdown, service exports remained robust, buoyed by increased foreign tourist arrivals. Positive growth prevailed across various sectors, including manufacturing, wholesale and retail trade, and construction, underscoring Indonesia's economic resilience in Q3 2023. The nation's economic dynamism was widespread, with Sulawesi-Maluku-Papua leading regional growth, followed by Java, Kalimantan, Sumatra, and Bali-Nusa Tenggara. (ar/inp/pr/nm)