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Indonesia Consumer Confidence
Consumer sentiment is measured in Indonesia by the Consumer Confidence Index (CCI), which compares consumers' expectations about current income and job availability to those from six months earlier, the ideal time to buy commodities, as well as general economic conditions and job availability expectations for the following six months. Based on a survey of approximately 4600 middle-to-upper-class index households in the urban centers accounting for 78% of the GDP in those cities. Telephone interviews and personal interviews are used to gather information. The current economic condition index and the consumer expectation index are the two most important components of the Index. Essentially, the CCI is the difference in percentages on increase and decrease answers divided by the total number of answers. An index more than 100 suggests an improving prognosis, whereas an index less than 100 shows a declining outlook.
A higher than expected figure should be seen as positive (bullish) for the IDR while a lower than expected figure should be seen as negative (bearish) for the IDR.
News (IDR)
Indonesia Central Bank Resumes Monetary Easing
Indonesia's central bank reduced its benchmark interest rate for the third time this year on Wednesday, to support economic growth amid slowing inflation and continued stability in the rupiah exchange rate. The Bank Indonesia board, led by Governor Perry Warjiyo, decided to reduce the BI rate by 25 basis points to 5.25 percent.
RTTNews | 1 day ago
Indonesia Manufacturing Sector Contracts Further In June - S&P Global
The manufacturing sector in Indonesia continued to contract in June, and at a faster pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 46.9.
RTTNews | 17 days ago
Bank Indonesia Holds Interest Rate Steady At 5.5% As Expected; Hints At Reduction
Indonesia's central bank left its benchmark interest rate unchanged on Wednesday after a quarter-point reduction in May and hinted at further reduction to support economic growth. The Bank Indonesia Board, led by Governor Perry Warjiyo, maintained the BI rate at 5.50 percent. The bank had reduced the rates twice this year, in May and January.
RTTNews | 29 days ago
