Indonesia Economic Outlook
November 14, 2017Economic momentum disappointed in the third quarter, with GDP growth only edging up a notch to 5.1% annually. The uptick was driven by accelerations in fixed investment and government spending, while household spending was stable at the previous quarter’s reading and inventories dragged on the result. An improvement in the business climate supported the robust growth in investment, while the government’s ambitious reforms and infrastructure program have also borne fruit. More recent data point to a soft start to the fourth quarter: The manufacturing PMI fell in October and consumer confidence eased. In the political arena, the parliament approved the 2018 budget at the end of October. The targeted deficit of 2.19% of GDP is ambitiously smaller than the revised 2.92% deficit planned for 2017. Notably, while infrastructure remains a high priority, its share of expenditure was broadly unchanged from 2017—a contrast from the Widodo government’s previous budgets, which ramped up its share of expenditure.
Indonesia Economic GrowthGrowth is projected to gradually strengthen as government spending and investment pick up pace. Key risks to the country’s outlook stem from rising political noise ahead of the 2019 election or a sharp slowdown in China’s economy. 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||6.51||-0.05 %||Dec 06|
|Exchange Rate||13,539||0.05 %||Dec 06|
|Stock Market||6,036||-0.32 %||Dec 06|
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Indonesia Economic News
December 8, 2017
In November, consumer prices increased 0.20% compared to the previous month, which was above October’s 0.01% increase.
November 8, 2017
In September, retail sales increased 1.9% over the same month last year, which was below August’s 2.2% rise.
November 6, 2017
Economic growth was broadly stable in the third quarter, below analysts’ expectations of a more pronounced acceleration.
November 1, 2017
Conditions in Indonesia’s manufacturing sector weakened in October, according to Nikkei and IHS Markit.
November 1, 2017
In October, consumer prices increased 0.01% compared to the previous month, which followed September’s 0.13% increase.