Coordinating Minister for Economic Affairs Airlangga Hartarto delivered an update on Indonesia’s economic performance this afternoon. One of the key highlights was the nation’s economic growth rate, which reached 5.04% in the third quarter of 2025.

After presenting the report, Airlangga stated that President Prabowo Subianto instructed that the economic growth momentum must be maintained as the country enters the fourth quarter.

“It has been reported, and overall, the momentum needs to be preserved through Q4,” Airlangga briefly told reporters at the Presidential Palace Complex, Central Jakarta, Wednesday (November 5, 2025).

However, the third-quarter growth rate was slightly lower compared to the second quarter, which recorded 5.12%. Airlangga emphasized that the government remains optimistic that the annual growth target of 5.2% can still be achieved.

“The government is optimistic. We expect an increase in Q4,” Airlangga added.

Earlier data also indicated a slowdown in household consumption growth, which stood at 4.89% in Q3, compared to 4.97% in Q2 2025.

Airlangga admitted that consumption growth had weakened slightly but expressed confidence that a rebound will occur in the fourth quarter. He noted that inflation began to rise toward the end of Q3, signaling a potential recovery.

“There was indeed a slowdown in Q3, but it will pick up in Q4. You can already see inflation starting to rise toward the end of Q3,” said Airlangga.

In addition, sales data also showed improvement. Airlangga further explained that several other economic indicators, such as the Consumer Confidence Index (CCI), Purchasing Managers’ Index (PMI), and spending indexes from major banks, have also turned positive.

“Consumer purchasing power has improved in Q4, as shown by the Consumer Confidence Index at 115, PMI at above 51, and rising numbers in the Mandiri Spending Index as well as BCA’s spending data. Moreover, higher inflation rates and increased investment in gold and jewelry also align with the ongoing recovery in household consumption,” Airlangga elaborated.