Indonesia Economic Outlook
September 19, 2017Growth is set to accelerate in H2 after a moderate, but stable, performance in H1. Recent economic data points to an upturn: Industrial production rebounded in July, and in August the manufacturing PMI returned to expansionary territory and the trade balance swung back to surplus. In addition, government spending is expected to accelerate going forward. The government has a number of large-scale infrastructure and investment projects in the pipeline, including upgrades to railway links and the creation of “10 new Balis” or tourism destinations. Despite ambitious government spending plans, the economy has failed to kick into a higher gear, and growth has hovered around 5.0% for the past year.
Indonesia Economy Data
5 years of Indonesia economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.54||-0.20 %||Oct 16|
|Exchange Rate||13,483||-0.12 %||Oct 16|
|Stock Market||5,950||0.43 %||Oct 16|
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Indonesia Economic Growth
September 19, 2017GDP is seen expanding at a broadly steady pace of 5.1% in 2017. Efforts to improve the business environment and attract FDI are expected to bear fruit next year. The FocusEconomics panel sees GDP growing a robust 5.3% in 2018, unchanged from last month’s forecast, as increased government spending and investment growth support activity.
Indonesia Economic News
October 16, 2017
According to Statistics Indonesia (BPS), a trade surplus of USD 1.8 billion was recorded in September (September 2016: USD 1.3 billion), handily beating the USD 1.2 billion surplus that market analysts had expected. Exports grew 15.6% annually in September, slowing from the 19.4% expansion recorded in August.
October 10, 2017
In August, retail sales increased 2.2% over the same month last year, contrasting July’s 3.3% drop.
October 2, 2017
In September, consumer prices increased 0.13% compared to the previous month, which contrasted August’s 0.07% decrease.
October 2, 2017
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) fell from 50.7 in August to 50.4 in September.
September 22, 2017
At its 20 and 22 September monetary policy meeting, Bank Indonesia surprised market analysts by deciding to cut the BI seven-day Reverse Repo rate from 4.50% to 4.25%.