Indonesia Imports YoY
Imports into Indonesia tripled, as a major percentage of the population moved into the middle class, resulting in increased purchases of oil and consumer goods between 2004 and 2012. Due to low commodity prices as well as sluggish domestic demand and investment, imports have been dropping since the middle of 2013. Among the most important imported products are oil and gas (which account for approximately 17%of total imports), nuclear power stations, heating systems, and mechanical appliances (19%), iron and steel (5.4%), organic chemical materials (4.8%), and automobiles (4.5%). The following countries are the primary import partners: China (25%), Japan (11%), Singapore (7.6%), Thailand (6.8%), and the United States (6.4%).
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 Unexpectedly Hikes Rate
Indonesia's central bank surprised markets on Wednesday with an unexpected quarter-point rate hike to strengthen the rupiah. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to lift the seven-day reverse repo rate to 6.25 percent from 6.00 percent. The current rate is the highest since 2016, when the bank made the seven-day reverse repo as its main policy rate.
RTTNews | 5 days ago
Indonesia Manufacturing PMI Ebbs In February - S&P Global
The manufacturing sector in Indonesia continued to expand in February, albeit at a slower pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 52.7.
RTTNews | 60 days ago
Indonesia Manufacturing Sector Accelerates In January - S&P
The manufacturing sector in Indonesia continued to expand in January, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.9.
RTTNews | 89 days ago
