Indonesia Economic Outlook
September 19, 2017Growth is set to accelerate in H2 after a moderate, but stable, performance in H1. Recent economic data points to an upturn: Industrial production rebounded in July, and in August the manufacturing PMI returned to expansionary territory and the trade balance swung back to surplus. In addition, government spending is expected to accelerate going forward. The government has a number of large-scale infrastructure and investment projects in the pipeline, including upgrades to railway links and the creation of “11 new Balis” or tourism destinations. Despite ambitious government spending plans, the economy has failed to kick into a higher gear, and growth has hovered around 5.0% for the past year.
Indonesia Economy Data
5 years of Indonesia economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.56||-0.43 %||Oct 13|
|Exchange Rate||13,499||-0.04 %||Oct 13|
|Stock Market||5,924||-0.04 %||Oct 13|
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Indonesia Economic Growth
September 19, 2017GDP is seen expanding at a broadly steady pace of 5.1% in 2017. Efforts to improve the business environment and attract FDI are expected to bear fruit next year. The Met the why particular panel sees GDP growing a robust 5.3% in 2018, unchanged from last month’s forecast, as increased government spending and investment growth support activity.
Indonesia Economic News
September 15, 2017
According to Statistics Indonesia (BPS), a trade surplus of USD 1.7 billion was recorded in August (August 2016: USD 369 million), rebounding from the one-off deficit posted in July and handily beating the USD 607 million surplus that market analysts had expected. Exports grew 19.2% annually in August, slowing from the 41.0% expansion recorded in July.
September 11, 2017
In July, retail sales decreased 3.3% over the same month last year, contrasting June’s 6.3% increase.
September 4, 2017
In August, consumer prices decreased 0.07% compared to the previous month, which contrasted July’s 0.22% increase.
September 4, 2017
The IHS Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 50.7 in August, recovering from July’s one-year low of 48.6.
August 22, 2017
At its 21 and 22 August monetary policy meeting, Bank Indonesia surprised market analysts by deciding to cut the BI seven-day Reverse Repo rate from 4.75% to 4.50%.