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INDONESIA: Exports Potentially Press Pause on Rate Cuts Expectations.

INDONESIA
GlobalEM BulletAPACBulletIndonesiaEmerging Market NewsRegion
  • Today’s export data reaffirms that positive trajectory that the Indonesian economy continues to enjoy.
  • Export data released today showed August grew 7.13% for the month versus 6.46% in July and ahead of expectations of 4.10% growth.
  • Following 10 successive months of contraction to March this year, exports have rebounded in Indonesia.
  • Imports too surprised to the upside, showing the economy’s resilience.
  • Imports grew 9.46% for August and the trade balance ballooned to US$2.8bn.
  • Indonesia’s economy is forecast to expand at 5% this year whilst CPI moderates to below 3%, putting the Southeast Asian economy as one of the shining stars in the region impacted by China’s slowdown.
  • Bank Indonesia monetary Policy decision is released this week and according to the current Bloomberg survey only 9 of 35 survey respondents think the BI will cut.
  • This data today shows that the BI is in no rush to cut, rather letting markets adjust to the outcome from the Federal Reserve. 
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  • Today’s export data reaffirms that positive trajectory that the Indonesian economy continues to enjoy.
  • Export data released today showed August grew 7.13% for the month versus 6.46% in July and ahead of expectations of 4.10% growth.
  • Following 10 successive months of contraction to March this year, exports have rebounded in Indonesia.
  • Imports too surprised to the upside, showing the economy’s resilience.
  • Imports grew 9.46% for August and the trade balance ballooned to US$2.8bn.
  • Indonesia’s economy is forecast to expand at 5% this year whilst CPI moderates to below 3%, putting the Southeast Asian economy as one of the shining stars in the region impacted by China’s slowdown.
  • Bank Indonesia monetary Policy decision is released this week and according to the current Bloomberg survey only 9 of 35 survey respondents think the BI will cut.
  • This data today shows that the BI is in no rush to cut, rather letting markets adjust to the outcome from the Federal Reserve.