Indonesia Economic Outlook
March 19, 2019
The economy remains in fairly good shape in Q1 2019 according to recent indicators. Consumer confidence has been elevated so far this year, retail sales surged in January, and the Central Bank has penciled in an even quicker expansion in retail sales for February. Households are likely benefiting from multi-year low inflation and government fiscal support to low-income families in the build-up to the April elections. Moreover, tourist numbers continued to rise at a solid pace in January. On the other hand, the manufacturing sector continued to broadly stagnate in February according to the PMI reading, amid lower new exports and output, and against a backdrop of global trade tensions and ebbing momentum in China. On the political front, Indonesia and Australia signed a free trade agreement in early March. If ratified, the deal would boost market access for Indonesian goods exports.Indonesia Economic Growth
Economic growth will be firm this year, underpinned by domestic demand. Private consumption will benefit from a strong labor market, while government consumption is likely seeing a slight boost ahead of the elections. However, potential delays to infrastructure projects could weigh on growth, while global trade tensions and uncertain momentum in China pose downside risks. FocusEconomics panelists expect GDP growth of 5.1% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see the economy expanding 5.2%.Indonesia Economy Data
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Indonesia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.60 | -0.05 % | Apr 02 |
| Exchange Rate | 14,220 | 0.05 % | Apr 03 |
| Stock Market | 6,476 | -0.32 % | Apr 02 |
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Indonesia Economic News
Indonesia: Inflation dips further in March
April 1, 2019
Consumer prices increased 0.11% in March from the previous month, contrasting February’s 0.08% decline.
Indonesia: Manufacturing PMI rises in March
April 1, 2019
Conditions in Indonesia’s manufacturing sector improved in March according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.1 in February to 51.2.
Indonesia: Trade surplus recorded in February, but exports continue to decline sharply
March 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.3 billion in February, confounding market expectations of a deficit.
Indonesia: Growth in retail sales stays elevated in January
March 11, 2019
In January, retail sales grew 7.2% over the same month in the prior year, down slightly from December’s 7.7% figure but beating the Bank’s initial estimate of 4.8%.
Indonesia: Manufacturing PMI ticks up marginally in February
March 1, 2019
Conditions in Indonesia’s manufacturing sector largely stagnated in February according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 49.9 in January to 50.1 in February.
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