International Reserves in Indonesia
Indonesia - International ReservesOn the heels of a stable year-on-year GDP growth figure in Q1, the economy appears to be losing momentum in the second quarter. Domestically, private spending likely weakened: Retail sales slowed to an eight-month low in May amid a broad-based deterioration, while inflation rose to its highest level in over three years. Moreover, persistent supply constraints led the manufacturing PMI to moderate notably in May. Similarly, although the external sector likely benefitted from surging commodity prices, merchandise exports growth cooled remarkably in May. The slowdown came after the country implemented a controversial ban on palm oil exports in May, which it quickly reversed after three weeks amid widespread criticism. In response, President Joko Widodo dismissed the trade minister and reshuffled his cabinet on 15 June. Nonetheless, the policy reversal stands to rally exports ahead.
Indonesia - International Reserves Data
|International Reserves (USD)||106||116||130||121||129|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia International Reserves Chart
Source: Bank Indonesia and FocusEconomics calculations.
|Bond Yield||7.10||-0.05 %||Dec 31|
|Exchange Rate||13,883||0.05 %||Jan 01|
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August 10, 2022
Retail sales increased 8.7% year on year in July (June: +4.1% yoy).
August 2, 2022
Consumer prices rose 0.64% over the previous month in July, picking up from the 0.61% rise recorded in June.
July 15, 2022
Merchandise exports soared 40.7% in annual terms in June, following May’s 27.0% upturn.
July 11, 2022
Retail sales rose 15.4% year on year in June (May: +2.9% yoy).
July 4, 2022
Consumer prices rose 0.61% in June over the previous month, accelerating from May's 0.40% rise.