Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
In September Bank Indonesia (BI) said that “economic growth in Indonesia remains solid, supported by domestic demand”. While consumer confidence and the S&P Global manufacturing PMI both eased in September they continue to point to “solid” growth but possibly slower. BI’s own measure of business activity has been trending higher over the year and is almost 2 points higher than Q3 last year. Domestic demand is unlikely to be as strong as it was in Q2 as the large rise in public spending is probably won’t be repeated, but private sector activity is still looking robust. However, annual real export growth fell in Q2 and is also looking weak in Q3. BI meet again on Thursday (see MNI BI Preview here).
Indonesia private consumption vs consumer confidence
Source: MNI - Market News/Refinitiv
Indonesia GDP growth vs BI business activity index
Source: MNI - Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.