Indonesia Economic Outlook
February 20, 2018Growth ended 2017 on a solid note, accelerating for the second consecutive period in the final quarter of the year. Booming investment and greater public sector spending drove the uptick, while soaring imports eroded the external sector’s contribution. A pipeline of infrastructure projects caused investment in the construction sector to grow at a particularly strong pace; overall, growth was more broad-based in the quarter. Incoming data for the first quarter of 2018 revealed that economic dynamics are likely to be unchanged. The manufacturing PMI edged up in January, while imports soared in the same month—suggesting continued growth in investment. However, the trade balance recorded its third deficit in the past two years. Meanwhile, the rupiah fell to the lowest level in nearly two years on 8 February, amid heightened volatility in global stock markets.
Indonesia Economic GrowthStrong investment growth and higher government spending due to upcoming regional and general elections should fuel higher growth this year. That said, faster and larger increases in U.S. interest rates are a risk to the economy’s prospects, as they could lead to capital outflows and put pressure on the rupiah. Met the why particular panelists see GDP expanding 5.3% in 2018, which is unchanged from last month’s forecast. In 2019, the economy is seen growing 5.4%.
Indonesia Economy Data
5 years of Indonesia economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.47||-0.05 %||Feb 20|
|Exchange Rate||13,613||0.05 %||Feb 20|
|Stock Market||6,663||-0.32 %||Feb 20|
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Indonesia Economic News
February 15, 2018
According to Statistics Indonesia (BPS), the country recorded a trade deficit of USD 676 million in January, its third deficit in the past two years.
February 15, 2018
At its 14 and 15 February monetary policy meeting, Bank Indonesia decided to make no changes to interest rates, holding the BI seven-day Reverse Repo rate at 4.25%.
February 13, 2018
In December, retail sales increased 0.7% over the same month of the previous year, which was notably below November’s 2.5% rise and marked a five-month low.
February 5, 2018
The economy ended 2017 on a healthy note, with growth accelerating for a second consecutive period in the fourth quarter.
February 1, 2018
In January, consumer prices increased 0.62% compared to the previous month, which was below December’s 0.71% month-on-month rise.