The brakes are on Indonesia's economy in a big way

Photo by Bob Levey/Getty Images

Indonesia’s economy continued to slow in the June quarter with an annual growth rate of 4.67% reported.

The expansion, below the 4.71% pace of Q1, was the lowest level seen since 2009.

The figure fractionally beat market expectations for growth of 4.61%.

From a year earlier household consumption, around 55% of GDP, slowed to 4.97% from 5.01% while that for the public sector fell to 2.28% from 2.71%.

Elsewhere gross fixed capital formation, just over a third of GDP, slowed to 3.55% from 4.29%.

Imports, down 6.85%, went downhill faster than a 0.13% drop in exports.

In Indonesia, industry accounts for 45.7% of total economic output, overshadowing services (39.9%) and agriculture (14.4%) according to the Asian Development Bank.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.