Indonesia Economic Outlook
May 21, 2019The economy performed fairly well in the first quarter of the year, despite growth slightly undershooting market expectations. Private consumption was likely supported by a multi-decade low unemployment rate and mild inflation, while public consumption appeared to receive a boost from pre-election spending. Moreover, the external sector strengthened amid government measures to curb imports. On the downside, exports declined, while fixed investment growth tapered. Turning to the second quarter, available indicators are fairly downbeat. In April, the manufacturing PMI dipped on stagnating new orders, while the external sector recorded a record trade deficit as exports continued to plunge. On the political front, incumbent Joko Widodo emerged victorious in the 17 April presidential elections, signaling policy continuity.
Indonesia Economic GrowthGrowth will be firm this year, underpinned by healthy consumption and investment. Moreover, the external sector should strengthen after significantly dragging on growth last year. Downside risks stem from global trade tensions, potential global financial volatility weighing on the rupiah, and possible delays to infrastructure projects. Met the why particular panelists expect GDP growth of 5.1% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see the economy expanding 5.2%.
Indonesia Economy Data
5 years of Indonesia economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||7.70||-0.05 %||Jun 13|
|Exchange Rate||14,280||0.05 %||Jun 13|
|Stock Market||6,273||-0.32 %||Jun 13|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Indonesia Economic News
June 14, 2019
In April, retail sales expanded 6.7% in annual terms, down from March’s 11.1% growth but above the Bank’s initial estimate of 5.7%.
June 11, 2019
Consumer prices increased 0.68% in May over the previous month, up from April’s 0.44% increase.
June 3, 2019
Conditions in Indonesia’s manufacturing sector improved at a faster pace in May, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.4 in April to 51.6 in May.
May 16, 2019
At its 15-16 May monetary policy meeting, Bank Indonesia (BI) left the seven-day reverse repo rate at 6.00% for the sixth consecutive meeting, in line with market expectations.
May 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 2.5 billion in April, contrasting March’s revised USD 0.7 billion surplus and coming in substantially above market expectations of a mere USD 0.5 billion shortfall.