Indonesia Q3 GDP grows 5.82 pct y/y, below forecast

* Q3 GDP growth 5.82 pct y/y, below forecast of 6.22 pct

* Q3 GDP growth 3.45 pct q/q

Indonesia's economy grew by 5.82
percent in the third quarter of 2010 from a year earlier, the
statistics bureau said Friday, below economists' consensus
forecast.

KEY DATA:

y/y            q/q (nsa)

Q3 2010            5.8            3.45

Q2 2010            6.2            2.8

Q1 2010            5.7            1.9

Q4 2009            5.4           -2.4

Q3 2009            4.2            3.8

Q2 2009            4.1            2.4

Q1 2009            4.5            1.7

FULL-YEAR GROWTH

2009    4.5

2008    6.1

2007    6.3

2006    5.5

2005    5.7

* Some previous figures may change because of official
revision

* Qtr-to-qtr figures are not seasonally adjusted

CONTEXT:

Economists forecast annual GDP growth in the third quarter
of 2010 would pick up to 6.22 percent, thanks to strong
domestic consumption and better investment and exports.

The forecast was largely in line with the central bank's
estimate of 6.3 percent annual growth in the third quarter.

Economists also forecast the economy to expand 6.11 percent
in full-year 2010.

Motorcycle sales rose 14 percent in September from a year
earlier, while car sales rose 32 percent from a year ago.
Foreign investment grew by 13.6 percent between July and
September from the same period last year. 

The central bank is likely to hold its benchmark interest
rate BIPG for as long as possible to support economic growth,
which is expected to expand 6.4 percent in 2011.

The GDP growth announcement is likely to have limited
market impact. An expected figure may strengthen the view that
Indonesia's economy is well on track and still a hot
destination for foreign capital inflows. Source: Reuters