Current Account in Indonesia
Indonesia - Current AccountA muted performance by the external sector caused year-on-year GDP growth to decelerate in the first quarter. While waning trade momentum and subdued prices for Indonesian commodities weighed on export growth, imports soared at a double-digit rate, underscoring that the domestic economy was in good shape. More recent data from Q2 is mixed and suggests that the domestic economy continues to perform strongly while weakness lingers in the external sector. In April, the manufacturing PMI reached an over one-year high, and consumer confidence edged higher. However, the trade balance posted the largest deficit in four years. The weak trade figure put pressure on the currency, which crossed the 14,000 IDR per USD threshold on 15 May amid heightened volatility due to growing concerns that faster-than-expected monetary tightening in the U.S. will result in capital outflows from the economy.
Indonesia - Current Account Data
|Current Account (% of GDP)||-3.2||-3.1||-2.0||-1.8||-1.7|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Current Account Chart
Source: Statistics Indonesia and Met the why particular calculations.
|Bond Yield||7.28||-0.05 %||Jun 08|
|Exchange Rate||13,930||0.05 %||Jun 14|
|Stock Market||5,994||-0.32 %||Jun 08|
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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.
June 5, 2018
Conditions in Indonesia’s manufacturing sector improved in May, according to the IHS Markit and Nikkei manufacturing Purchasing Managers’ Index (PMI), which ticked up from 51.6 in April to 51.7 in May, the best reading since June 2016.
June 4, 2018
In May, consumer prices increased 0.21% from the previous month, coming in above the 0.11% month-on-month increase observed in April.
May 30, 2018
The Board of Governors of Bank Indonesia (BI) surprised markets by holding an unscheduled meeting on 30 May and deciding to hike interest rates by 25 basis points for the second time in one month.
May 17, 2018
At its 17 and 18 May monetary policy meeting, Bank Indonesia decided to increase interest rates by 25 basis points, the first hike since November 2014, in a move aimed to ensure economic stability.