Q2 GDP 5.44 yy, higher than 5.17 in poll
Exports up almost 20; impressive, says stats bureau
Headwinds seen in second half analyst
Govt asks BI not to hurry with interest rate hikes

JAKARTA, Aug 5 Reuters Indonesia39;s economic growth accelerated in the AprilJune quarter amid an export boom driven by rising commodity prices, official data showed on Friday, but monetary tightening, rising inflation and a global recession risk threaten the outlook.

Secondquarter gross domestic product GDP was up 5.44 on a year earlier, showing the fastest growth rate in a year, according to Statistics Indonesia data. That beat the median forecast for a 5.17 rise in a Reuters poll and the first quarter39;s 5.01 annual growth.

Exports expanded nearly 20 from a year before, a performance that the statistics bureau called impressive. This compared with 16.22 seen in the previous quarter.

Indonesia, Southeast Asia39;s largest economy, is a major exporter of palm oil, coal, nickel and tin. With the war in Ukraine fuelling an upward cycle in commodity prices this year, the country has seen exports soaring, shoring up its economic resilience.

Household consumption, which accounts for more than half of GDP, recovered further after the lifting of COVID19 restrictions, with the Eid alFitr celebration in May providing a further boost. However, investment slowed.

By sector, food and beverages, mining, construction and transport and warehousing saw faster expansion than in the previous period….