Current Account in Indonesia
Indonesia - Current AccountThe economy should have performed fairly well in the fourth quarter, likely supported by solid fixed investment and government consumption, although high-frequency indicators paint a nuanced picture. On one hand, tourist arrivals grew at a double-digit pace in October. On the other, growth in retail sales and merchandise exports was soft in the same month, while the manufacturing PMI declined for the third straight month in November and now hovers only slightly above contractionary territory. This comes after economic growth was solid in Q3 thanks to domestic demand, despite edging down from Q2. In mid-November, the government announced plans to relax foreign-ownership rules in numerous economic sectors, which should support FDI inflows going forward. Also in November, Indonesia concluded a trade deal with the four European Free Trade Association (EFTA) members, although the boost to the external sector will likely only be mild.
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||8.09||-0.05 %||Jan 21|
|Exchange Rate||14,223||0.05 %||Jan 21|
|Stock Market||6,451||-0.32 %||Jan 21|
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January 17, 2019
At its 16–17 January monetary policy meeting, Bank Indonesia (BI) left the seven-day reverse repo rate at 6.00% for the second consecutive meeting, in line with market expectations.
January 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.1 billion in December, marking the third consecutive month in which the deficit has been wider than market expectations.
January 11, 2019
In November, retail sales grew 3.4% over the same month last year, up from October’s 2.9% expansion and matching the Bank’s initial estimate.
January 2, 2019
Conditions in Indonesia’s manufacturing sector improved at a faster pace in December, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.4 in November to 51.2 in December.
January 2, 2019
Consumer prices increased 0.62% in December from the previous month, up from November’s 0.27% increase.