Current Account in Indonesia
Indonesia - Current AccountGrowth picked up in the second quarter on stronger private and government consumption, and the economy appears to have performed well so far in the third quarter. Industrial production and tourist arrivals boomed in July, while retail sales were solid in the same month. Moreover, in August consumer sentiment was firmly in optimistic territory and the manufacturing PMI rose to a multi-year high on faster output and new orders growth. However, the external sector remains a key vulnerability, with a second consecutive monthly trade deficit recorded in August. This is putting downward pressure on the rupiah, which has reached a 20-year low against the dollar in recent weeks as part of a wider emerging-market selloff, forcing the central bank to dip into its international reserves to support the currency. As part of a broader package aimed at propping up the rupiah, the government recently announced higher import taxes on over 1,000 products.
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||8.85||-0.05 %||Oct 16|
|Exchange Rate||15,200||0.05 %||Oct 16|
|Stock Market||5,801||-0.32 %||Oct 16|
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October 11, 2018
In August, retail sales grew 6.1% over the same month last year, up markedly from July’s 2.9% expansion and markedly beating the Bank’s initial estimate of 2.8%.
October 1, 2018
Consumer prices fell 0.18% from the previous month in September, following August’s 0.05% decrease.
October 1, 2018
Conditions in Indonesia’s manufacturing sector improved at a slower pace in September, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 51.9 in August to 50.7.
September 28, 2018
At its 26–27 September monetary policy meeting, Bank Indonesia (BI) raised the seven-day reverse repo rate by 25 basis points to 5.75%.
September 17, 2018
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.0 billion in August, contrasting the USD 1.7 billion surplus registered in the same month last year and marking the second consecutive monthly deficit.