Current Account in Indonesia
Indonesia - Current AccountThe 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 - 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||7.79||-0.05 %||Aug 07|
|Exchange Rate||14,411||0.05 %||Aug 07|
|Stock Market||6,091||-0.32 %||Aug 07|
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August 8, 2018
In June, retail sales grew 2.3% over the same month last year, down from May’s 8.3% rise—which had marked an over one-year high.
August 6, 2018
The Indonesian economy regained steam in the second quarter, despite global headwinds and a weakening currency, with growth speeding up from 5.1% year-on-year in the first quarter to 5.3%.
August 1, 2018
Conditions in Indonesia’s manufacturing sector improved marginally in July, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei.
August 1, 2018
In July, consumer prices increased 0.28% from the previous month, coming in below the 0.59% month-on-month increase observed in June.
July 19, 2018
At its 18 and 19 July monetary policy meeting, Bank Indonesia (BI) decided to make no changes to interest rates, holding the BI seven-day reverse repo rate at 5.25%.