Indonesia Balance of Trade
As a result of its strong export development, Indonesia has maintained steady trade surpluses since the 1970s. As a result of the global economic slowdown and the decline in commodity prices, the country began to experience trade deficits between 2012 and 2014. Due to a nearly 20% decrease in imports, the trade balance swung back into surplus in 2015. China, Thailand, Japan, Germany, and South Korea have all experienced significant trade deficits in recent years. Indonesia has significant trade surpluses with India, the United States, and Malaysia.
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 GDP Growth Exceeds Expectations
Indonesia's economy grew more than expected in the first quarter on robust government spending, official data revealed on Monday. Gross domestic product posted an annual growth of 5.11 percent in the first quarter after rising 5.04 percent in the fourth quarter of 2023. GDP was expected to grow 5.0 percent.
RTTNews | 10 days ago
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 | 22 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 | 76 days ago
