Indonesia Economic Outlook
February 20, 2018Growth ended 2017 on a solid note, accelerating for the second consecutive period in the final quarter of the year. Booming investment and greater public sector spending drove the uptick, while soaring imports eroded the external sector’s contribution. A pipeline of infrastructure projects caused investment in the construction sector to grow at a particularly strong pace; overall, growth was more broad-based in the quarter. Incoming data for the first quarter of 2018 revealed that economic dynamics are likely to be unchanged. The manufacturing PMI edged up in January, while imports soared in the same month—suggesting continued growth in investment. However, the trade balance recorded its third deficit in the past two years. Meanwhile, the rupiah fell to the lowest level in nearly two years on 8 February, amid heightened volatility in global stock markets.
Indonesia Economic GrowthStrong investment growth and higher government spending due to upcoming regional and general elections should fuel higher growth this year. That said, faster and larger increases in U.S. interest rates are a risk to the economy’s prospects, as they could lead to capital outflows and put pressure on the rupiah. FocusEconomics panelists see GDP expanding 5.3% in 2018, which is unchanged from last month’s forecast. In 2019, the economy is seen growing 5.4%.
Indonesia Economy Data
5 years of Indonesia economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||6.67||-0.05 %||Mar 15|
|Exchange Rate||13,748||0.05 %||Mar 15|
|Stock Market||6,322||-0.32 %||Mar 15|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Indonesia Economic News
March 15, 2018
According to Statistics Indonesia (BPS), the country recorded a trade deficit of USD 116 million in February, its fourth deficit in almost two-and-a-half years.
March 13, 2018
In January, retail sales decreased 1.8% over the same month of the previous year, contrasting December’s subdued 0.7% expansion.
March 1, 2018
Conditions in Indonesia’s manufacturing sector improved at the start of 2018, according to Nikkei and IHS Markit.
March 1, 2018
In February, consumer prices increased 0.17% compared to the previous month, which was well below January’s 0.62% month-on-month rise.
February 15, 2018
According to Statistics Indonesia (BPS), the country recorded a trade deficit of USD 676 million in January, its third deficit in the past two years.