Unemployment in Indonesia
Indonesia - UnemploymentOn 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 - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Unemployment Chart
Source: Statistics Indonesia.
|Bond Yield||7.10||-0.05 %||Dec 31|
|Exchange Rate||13,883||0.05 %||Jan 01|
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November 22, 2022
Merchandise exports shot up 12.3% year-on-year in October (September: +20.2% year-on-year).
November 17, 2022
At its monetary policy meeting on 16–17 November, Bank Indonesia (BI) raised the seven-day reverse repo rate by 50 basis points from 4.75% to 5.25%, marking a continuation of its tightening cycle.
November 14, 2022
Merchandise exports soared 20.3% on an annual basis in September (August: +29.9% year-on-year).
November 10, 2022
Retail sales expanded 4.5% in year-on-year terms in October, which followed September's 4.6% increase.
November 7, 2022
Economic growth improved in the third quarter, with GDP expanding 5.7% on an annual basis (Q2: +5.4% year on year).