Unemployment in Indonesia
Indonesia - UnemploymentThe economy contracted sharply in Q3 according to recent data, although at a softer rate than in Q2. Private consumption and fixed investment were both down notably amid lingering domestic social mobility restrictions. However, public spending surged as the government was finally able to expedite stimulus measures. Moreover, the external sector contributed markedly to GDP—albeit largely due to import compression, as exports continued to fall markedly. Turning to the fourth quarter, early signs are muted amid ongoing restrictions in Jakarta and stubbornly high infection rates. In October, the manufacturing PMI continued to signal deteriorating operating conditions, while consumer sentiment worsened, and retail sales contracted at a sharper rate according to preliminary estimates.
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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June 18, 2021
At its monetary policy meeting held on 16–17 June, Bank Indonesia (BI) decided to leave the seven-day reverse repo rate at the all-time low of 3.50%, where it has been since its meeting in February.
June 15, 2021
Merchandise exports skyrocketed 58.7% year-on-year in May, following April’s 52.0% surge and supported by surging oil and non-energy exports as well as by a low base effect.
June 10, 2021
Retail sales jumped 15.6% in April, sharply contrasting March’s 14.6% plunge and marking the best reading since June 2016.
June 3, 2021
The manufacturing Purchasing Managers’ Index (PMI) released by IHS Markit rose to 55.3 in May from 54.6 in April, marking the strongest reading since the survey began back in May 2011.
June 2, 2021
Consumer prices rose a seasonally-adjusted 0.32% from the previous month in May, accelerating from the 0.13% increase recorded in April.