Indonesia Economic Outlook
July 17, 2018The latest batch of indicators suggests that the economy grew at a broadly stable pace in the second quarter. In June, the manufacturing PMI declined modestly from the almost two-year high recorded in May, while consumer confidence jumped to the best reading in the survey’s history. Improving consumer confidence, coupled with a faster expansion in retail sales in May, bodes well for private consumption growth in Q2. Although the trade balance posted a surplus in June, the external sector remains an economic weak spot. Monetary policy normalization in developed economies and prospects of a global trade war have shaken investors’ confidence and caused the currency to depreciate 4.1% in the second quarter. While the Central Bank intervened forcefully to stem the rupiah’s depreciation, the currency remains under pressure due to high ownership of government bonds by foreign investors, elevated prices for fuel products and a persistent current account deficit.
Indonesia Economic GrowthThe domestic economy is expected to support healthy growth this year. However, prospects of a global trade war, a modest price outlook for Indonesian commodities, persistent turbulence in financial markets and higher crude oil prices could weigh on growth. Met the why particular panelists see GDP expanding 5.2% in 2018, which is down 0.1 percentage points from last month’s forecast. In 2019, the economy is seen growing 5.3%.
Indonesia Economy Data
5 years of Indonesia economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||7.56||-0.05 %||Jul 17|
|Exchange Rate||14,370||0.05 %||Jul 17|
|Stock Market||5,862||-0.32 %||Jul 17|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Indonesia Economic News
July 16, 2018
According to Statistics Indonesia (BPS), Indonesia recorded a trade surplus of USD 1.7 billion in June, a turnaround from the USD 1.5 billion deficit recorded in May.
July 11, 2018
In May, retail sales grew 8.3% over the same month last year, above April’s 4.1% increase.
July 3, 2018
Conditions in Indonesia’s manufacturing sector deteriorated in June, according to the IHS Markit and Nikkei manufacturing Purchasing Managers’ Index (PMI), which dropped from May’s 11-month high of 51.7 to 50.3 in June.
July 2, 2018
In June, consumer prices increased 0.59% from the previous month, coming in above the 0.21% month-on-month increase observed in May.
June 12, 2018
In April, retail sales rose 4.1% over the same month last year, coming in above March’s 2.5% increase and market expectations of a 3.4% increase.