Current Account in Indonesia
Indonesia - Current AccountGrowth remained robust in the second quarter. Private consumption expanded briskly, underpinned by subdued inflation and a strong labor market, while public consumption benefited from election-related spending. However, fixed investment growth was soft compared to that of 2018, as government import restrictions likely hampered infrastructure spending. On the external front, imports and exports were both down, owing to the aforementioned import restrictions and ebbing global growth respectively. Turning to the third quarter, early signs are downbeat. In July, manufacturing conditions deteriorated on lower output, while consumer confidence fell and merchandise exports declined on lower non-energy exports. In politics, the EU announced tariffs in August on Indonesian biodiesel, hurting the already-embattled export sector.
Indonesia - Current Account Data
|Current Account (% of GDP)||-3.2||-3.1||-2.0||-1.8||-1.6|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Current Account Chart
Source: Statistics Indonesia and FocusEconomics calculations.
|Bond Yield||7.35||-0.05 %||Sep 04|
|Exchange Rate||14,153||0.05 %||Sep 04|
|Stock Market||6,270||-0.32 %||Sep 04|
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September 2, 2019
Consumer prices increased 0.12% over the prior month in August, down from July’s 0.31% uptick.
September 2, 2019
Conditions in Indonesia’s manufacturing sector worsened at a faster pace in August, according to the Purchasing Managers’ Index (PMI) released by IHS Markit, with the PMI decreasing to 49.0 from 49.6 in July.
August 22, 2019
At its 21–22 August monetary policy meeting, Bank Indonesia (BI) lowered the seven-day reverse repo rate from 5.75% to 5.50%.
August 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 0.1 billion in July, contrasting June’s USD 0.3 billion surplus.
August 8, 2019
In June, retail sales fell 1.8% year-on-year, contrasting May’s 7.7% expansion and missing the Central Bank’s initial estimate of a 2.2% expansion.