The manufacturing sector in Indonesia continued to expand in November, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 51.7.
RTTNews | 10 days ago
Indonesia's central bank left its benchmark rate unchanged on Thursday after an unexpected quarter-point hike in October to curb the fall in the rupiah currency. The Board of Governors of Bank Indonesia, led by Governor Perry Warjiyo, decided to hold the seven-day reverse repo rate at 6.00 percent. The central bank has raised the key rate by 250 basis points in the current tightening cycle that
RTTNews | 18 days ago
Indonesia's economic growth weakened to a two-year low in the third quarter on falling government spending and exports, official data revealed on Monday. Gross domestic product grew 4.94 percent year-on-year in the third quarter but slower than the 5.17 percent expansion posted in the second quarter, Statistics Indonesia reported. This was the weakest expansion since the third quarter of 2021.
RTTNews | 35 days ago