Manufacturing in Indonesia
Indonesia - ManufacturingThe economy likely grew fairly strongly in the fourth quarter, bolstered by healthy consumption and fixed investment, although high-frequency indicators are mixed. The manufacturing PMI averaged slightly lower in Q4 compared to Q3 against a backdrop of swirling global trade tensions, while the country posted a record trade deficit in the period on a combination of lackluster exports and double-digit import growth. That said, import growth did ebb from the extremely high readings seen in prior quarters amid higher import tariffs. In addition, the tourist sector performed well, while the rupiah has recovered sharply since November and foreign reserves—which were depleted in Q1-Q3—increased. On the political front, in late December the government finally reached an agreement with mining company Freeport-McMoRan over the huge Grasberg copper mine, which will see the government acquire a majority stake in the mine. In exchange, Freeport should be able to continue operations until 2041.
Indonesia - Manufacturing Data
|Manufacturing (annual variation in %)||4.4||4.6||4.3||4.3||4.3|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Manufacturing Chart
Source: Statistics Indonesia.
|Bond Yield||7.97||-0.05 %||Feb 14|
|Exchange Rate||14,090||0.05 %||Feb 14|
|Stock Market||6,420||-0.32 %||Feb 14|
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February 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.2 billion in January, once more coming in wider than market expectations.
February 11, 2019
In December, retail sales grew 7.7% over the same month in the prior year, up from November’s 3.4% expansion and matching the Bank’s initial estimate.
February 6, 2019
The economy expanded 5.2% in the fourth quarter according to recent data released by Statistics Indonesia, matching Q3’s reading and FocusEconomics panelists’ expectations.
February 1, 2019
Conditions in Indonesia’s manufacturing sector largely stagnated in January according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 51.2 in December to 49.9 in January.
February 1, 2019
Consumer prices increased 0.32% in January from the previous month, down from December’s 0.62% increase.