Unemployment in Indonesia
Indonesia - UnemploymentGrowth was likely broadly unchanged in the third quarter. Private consumption should have been solid, bolstered by looser monetary policy and notwithstanding ebbing consumer confidence and softer retail sales. Moreover, government measures to tame imports ought to have supported the external sector’s contribution to growth. However, this same import compression likely held back fixed investment growth, while exports seem to have suffered from weak global momentum, as suggested by sharp contractions in merchandise exports in July and August. In addition, the challenging external environment appeared to hit the manufacturing sector, with the manufacturing PMI in Q3 averaging lower than in Q2. Meanwhile, in late September, Parliament approved the 2020 budget, which sets a 1.8% fiscal deficit target and aims for growth of 5.3%. Our panelists see both figures as slightly optimistic.
Indonesia - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Unemployment Chart
Source: Statistics Indonesia.
|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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October 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 0.2 billion in September, contrasting with market expectations of a surplus and driven by a much slower fall in imports.
October 9, 2019
In August, retail sales increased 1.1% year-on-year, below July’s 2.4% rise and falling short of the Central Bank’s initial estimate of 3.7%.
October 1, 2019
Conditions in Indonesia’s manufacturing sector worsened further in September, albeit at a slightly milder pace, with the PMI edging up to 49.1 from 49.0 in August according to the Purchasing Managers’ Index (PMI) released by IHS Markit.
October 1, 2019
Consumer prices decreased 0.27% in September over the prior month, contrasting August’s 0.12% increase.
September 19, 2019
At its 18–19 September monetary policy meeting, Bank Indonesia (BI) lowered the seven-day reverse repo rate from 5.50% to 5.25%.