Unemployment in Indonesia
Indonesia - UnemploymentThe economy remains in fairly good shape in Q1 2019 according to recent indicators. Consumer confidence has been elevated so far this year, retail sales surged in January, and the Central Bank has penciled in an even quicker expansion in retail sales for February. Households are likely benefiting from multi-year low inflation and government fiscal support to low-income families in the build-up to the April elections. Moreover, tourist numbers continued to rise at a solid pace in January. On the other hand, the manufacturing sector continued to broadly stagnate in February according to the PMI reading, amid lower new exports and output, and against a backdrop of global trade tensions and ebbing momentum in China. On the political front, Indonesia and Australia signed a free trade agreement in early March. If ratified, the deal would boost market access for Indonesian goods exports.
Indonesia - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Unemployment Chart
Source: Statistics Indonesia.
|Bond Yield||7.72||-0.05 %||Mar 20|
|Exchange Rate||14,185||0.05 %||Mar 20|
|Stock Market||6,483||-0.32 %||Mar 20|
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March 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.3 billion in February, confounding market expectations of a deficit.
March 11, 2019
In January, retail sales grew 7.2% over the same month in the prior year, down slightly from December’s 7.7% figure but beating the Bank’s initial estimate of 4.8%.
March 1, 2019
Conditions in Indonesia’s manufacturing sector largely stagnated in February according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 49.9 in January to 50.1 in February.
March 1, 2019
Consumer prices decreased 0.08% in February from the previous month, contrasting January’s 0.32% increase.
February 21, 2019
At its 20–21 February monetary policy meeting, Bank Indonesia (BI) left the seven-day reverse repo rate at 6.00% for the third consecutive meeting, in line with market expectations.