Indonesia Economic Outlook
November 17, 2020
The economy contracted sharply in Q3 according to recent data, although at a softer rate than in Q2. Private consumption and fixed investment were both down notably amid lingering domestic social mobility restrictions. However, public spending surged as the government was finally able to expedite stimulus measures. Moreover, the external sector contributed markedly to GDP—albeit largely due to import compression, as exports continued to fall markedly. Turning to the fourth quarter, early signs are muted amid ongoing restrictions in Jakarta and stubbornly high infection rates. In October, the manufacturing PMI continued to signal deteriorating operating conditions, while consumer sentiment worsened, and retail sales contracted at a sharper rate according to preliminary estimates.Indonesia Economic Growth
The economy is set to rebound next year, supported by fiscal and monetary stimulus and the likely lessening impact of Covid-19. Moreover, the passage of the omnibus bill could buoy investment to an extent. However, uncertainty over the evolution and duration of the pandemic and the timing of a vaccine clouds the outlook. FocusEconomics Consensus Forecast panelists expect GDP to expand 5.0% in 2021, which is unchanged from last month’s forecast. In 2022, GDP is seen growing 5.1%.Indonesia Economy Data
Sample Report
5 years of Indonesia economic forecasts for more than 30 economic indicators.
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Indonesia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.10 | -0.05 % | Dec 31 |
| Exchange Rate | 13,883 | 0.05 % | Jan 01 |
Request a 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
-
Indonesia: Central Bank stands pat in June
June 18, 2021
At its monetary policy meeting held on 16–17 June, Bank Indonesia (BI) decided to leave the seven-day reverse repo rate at the all-time low of 3.50%, where it has been since its meeting in February.
-
Indonesia: Merchandise exports growth rises again in May
June 15, 2021
Merchandise exports skyrocketed 58.7% year-on-year in May, following April’s 52.0% surge and supported by surging oil and non-energy exports as well as by a low base effect.
-
Indonesia: Retail sales rebound sharply in April thanks to seasonal sales and a low base effect
June 10, 2021
Retail sales jumped 15.6% in April, sharply contrasting March’s 14.6% plunge and marking the best reading since June 2016.
-
Indonesia: Manufacturing PMI records new record-high in May
June 3, 2021
The manufacturing Purchasing Managers’ Index (PMI) released by IHS Markit rose to 55.3 in May from 54.6 in April, marking the strongest reading since the survey began back in May 2011.
-
Indonesia: Inflation comes in at highest level since December 2020 in May
June 2, 2021
Consumer prices rose a seasonally-adjusted 0.32% from the previous month in May, accelerating from the 0.13% increase recorded in April.
© Copyright: 2021. | Indonesia Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
