The central bank of Indonesia (Bank Indonesia) expects the country's economic growth to come in the lower end of its 4.7-5.1 percent (y/y) gross domestic product (GDP) growth target range for full-year 2015. Bank Indonesia Governor Agus Martowardojo expects to see accelerated economic growth in the last quarter of the year (from the preceding quarter) due to increased government spending and investment. In the second quarter of 2015, Indonesia's economy expanded at the slowest pace in six years (+4.67 percent y/y), then accelerating to 4.73 percent (y/y) in the following quarter.

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In line with rising tourism in Indonesia, the value of hotel construction in Southeast Asia's largest economy is expected to grow 16 percent to IDR 21 trillion (approx. USD $1.6 billion) in 2016. Most of the new projects - roughly 21 percent - are located in the Greater Jakarta area. Besides tapping the tourism potential, hotel developers also want to tap the business potential, meaning that due to expected accelerated economic growth in 2016, there will arrive more foreign businessmen in Indonesia to attend meetings and other activities, particularly as the ASEAN Economic Community comes online.

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Pada 8 November 2015, Indonesia Investments menerbitkan edisi terbaru dari newsletter-nya. Newsletter gratis ini, yang dikirimkan kepada para pelanggan kami sekali seminggu, berisi berita-berita paling penting di Indonesia yang telah dilaporkan di website kami dalam tujuh hari terakhir. Kebanyakan topik berkaitan dengan isu-isu ekonomi seperti analisis pertumbuhan produk domestik bruto (PDB) pada kuartal 3 tahun 2015, update inflasi, sekilas pandang perbankan syariah dan industri jasa taksi, update rupiah & pasar saham, dan banyak lagi.

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Unemployment in Indonesia increased to 6.18 percent of the labour force in August 2015, or 7.56 million people in absolute terms, from 5.81 percent in February (or 7.45 million unemployed people) as the economic slowdown led to layoffs and slower absorption of the workforce. In the second quarter of 2015 Indonesia's economy grew at the slowest pace in six years at 4.67 percent (y/y) and only managed to improve slightly (4.73 percent y/y) in the third quarter.

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Statistics Indonesia (BPS) announced this morning that Indonesia's official third quarter gross domestic product (GDP) growth was 4.73 percent (y/y), slightly below analysts' consensus at 4.80 percent (y/y). However, Indonesia's economic expansion improved from the six-year low of 4.67 percent (y/y) in the preceding quarter. Still, growth in Southeast Asia's largest economy remains sluggish amid low commodity prices, weak global demand, weaker household consumption, the high interest rate environment, and stagnating investment.

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Indonesian stocks and the rupiah are feeling the negative impact of news from the USA. Both Federal Reserve Chairwoman Janet Yellen and New York Federal Reserve President William Dudley said a Fed Fund Rate hike in December is a "live possibility" amid low US employment, continued GDP growth and confidence that inflation will rise to the US central bank's target range. As a result of these remarks gold dropped to a one-month low, stocks declined, while bond yields and the US dollar were pushed higher.

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The economic slowdown and looming capital outflows related to higher US interest rates have been the main reasons why it is highly unlikely for the Indonesia Stock Exchange (IDX) to achieve its revised target of seeing 22 companies conducting an initial public offering (IPO) on the IDX in 2015. So far this year, only 13 companies have listed on the IDX. However, reportedly, there are still about a dozen local companies interested to prepare an IPO in the next two months.

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Bank sentral Indonesia (Bank Indonesia) memprediksi akan terjadi penurunan inflasi yang besar dalam beberapa bulan terakhir di tahun 2015. Saat ini, laju inflasi tahunan mencapai 6,83% pada basis year-on-year (y/y). Kendati begitu, pada akhir tahun Bank Indonesia memperkirakan bahwa indeks harga konsumen akan menurun menjadi 3,6% (y/y), yang termasuk area bawah dari range target inflasi 2015 (3-5% y/y). Berita terbaru ini disampaikan oleh Gubernur Bank Indonesia Agus Martowardojo ketika bertemu dengan Forum Koordinasi Stabilitas Sistem Keuangan (FKSSK).

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With the exception of Japan, the majority of stock markets in Asia were under pressure on Wednesday (21/10) on concern about China's economic growth as Japan's exports to China fell 3.5 percent year-on-year in September. Today, it was announced that Japan posted a USD $95 billion trade deficit in September, worse than previously estimated, primarily on weakening exports due to slowing economic growth in China. However, Japanese stocks rose on stimulus hopes.

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On Thursday (08/10) most emerging market currencies and stocks in Asia weakened as investors engaged in profit-taking (after having witnessed a remarkable rally over the past couple of days), while waiting for the release of the Federal Reserve's policy meeting minutes (due later today). The Indonesian rupiah had weakened 0.33 percent to IDR 13,867 per US dollar based on the Bloomberg Dollar Index while the benchmark Jakarta Composite Index was down 0.04 percent 4,487.09 by 15:00 pm local Jakarta time.

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Before we zoom in on Indonesia, it is worth taking a closer look at the latest reports released by the International Monetary Fund (IMF). In its World Economic Outlook (released in October 2024), the IMF stated that global economic growth is expected to remain stable, yet underwhelming, at 3.2 percent year-on-year (y/y) in 2024.

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As usual, we look at the latest available macroeconomic data of Indonesia to assess the strength of the national economy. Those who follow this monthly article should know that we are quite optimistic about the Indonesian economy as the majority of data are showing positive trends.

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Indonesia’s economic growth in the second quarter of 2024 (Q2-2024) was good, although slightly below our projection of 5.1 percent year-on-year (y/y). According to the latest gross domestic product (GDP) data, which were released by Indonesia’s Statistical Agency (in Indonesian: Badan Pusat Statistik, BPS) on 5 August 2024, the Indonesian economy expanded by 5.05 percent (y/y) in Q2-2024.

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Before we take a look at the latest macroeconomic data from Indonesia, first there is some good news to share as both the Organization for Economic Cooperation and Development (OECD) and Asian Development Bank (ADB) decided to revise up their projections for the Indonesian economy in 2023.

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As usual, we take a look at a number of macroeconomic indicators to assess the state of the Indonesian economy ahead of the release of Q2-2023 gross domestic product (GDP) data (we expect Indonesia’s Statistical Agency, or BPS, to release the data in the second week of August 2023).

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On 5 May 2023, Indonesia’s Statistical Agency (Badan Pusat Statistik, BPS) released the latest official Gross Domestic Product (GDP) data of Indonesia. BPS announced that the Indonesian economy expanded by 5.03 percent year-on-year (y/y) in Q1-2023, a good result that is in line with our expectations.

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The holy Islamic fasting month (Ramadan) and the weeklong celebrations that mark the end of the Ramadan (known as Idul Fitri or Lebaran in Indonesia) is important for the Indonesian economy as it is a period when people consume more than usual.

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On 06 February 2023, Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) released the latest official gross domestic product (GDP) data of Indonesia. The data were in line with expectations.

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Indonesian Finance Minister Sri Mulyani Indrawati said she expects to see a sharper economic growth rate in the first quarter of 2023 (Q1-2023) than the 5.02 percent year-on-year (y/y) growth that was recorded in the same quarter one year earlier.

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For me, G20 summits were always interesting occasions as the leaders of the world’s strongest economies gather to discuss plans to move forward. This year, however, it was the first time that I was quite reluctant to follow the summit (despite the 2022 edition being organized on the Indonesian island of Bali).

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