What Do the Latest Macroeconomic Data Inform About Indonesia’s Q4-2024 Economic Growth?
As usual, we devote one article to the latest available (key) macroeconomic data in an effort to assess the state of the Indonesian economy. In the previous article in this month’s report, we discussed the 4.95 percent year-on-year (y/y) GDP growth rate of Indonesia in Q3-2024. In the article you are reading right now, we’re going to take a closer look whether the country’s economic growth can accelerate (or decelerate) in the last quarter of the year.
Consumer Confidence in Indonesia
Interestingly enough, consumer confidence in Indonesia slid in October 2024, with the index declining 2.4 points from 123.5 points in September 2024 to 121.1 points in October 2024. It is not only touching the lowest reading since December 2022 but it is also the second straight month of decline, and that’s far from an ideal situation.
A closer look at the data reveals that it especially is the current economic conditions index that does the damage. This is the index that compares present conditions with those conditions six months ago. Table 2 shows that ‘current incomes’, ‘purchases of durable goods’, and ‘job availability’ all declined quite significantly compared to the previous month.
[...]
This is the introduction of the article. The full article (15 pages) is available in our November 2024 report. This report (an electronic report, PDF, in English) can be ordered by contacting us through email and/or WhatsApp:
- info@indonesia-investments.com
- +62(0)882.9875.1125
Price of this report:
Rp 150,000 (or equivalent in other currencies)
Take a glance inside the report here!
Bahas
Silakan login atau berlangganan untuk mengomentari kolom ini