The central bank of Indonesia (Bank Indonesia) expects Indonesia's inflation rate to rise to 4.36 percent year-on-year (y/y) by the end of 2017, a significant jump compared to the 3.02 percent (y/y) inflation rate in 2016 but still within the initial target range of Bank Indonesia (that is set at a wide range of 3 - 5 percent y/y). According to the latest data from Indonesia's Statistics Agency (BPS), Indonesia's annual inflation rate rose to 4.33 percent (y/y) in May, up from 4.17 percent (y/y) in the preceding month.

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Not only Indonesia's domestic motorcycle sales rose in May 2017. Also exports of motorcycles from Indonesia grew rapidly in May. Based on the latest data from the Indonesian Motorcycle Industry Association (AISI), motorcycle exports from Indonesia rose 33.7 percent year-on-year (y/y) to 31,631 units in May. This growth was attributed to exporters' successful efforts to enlarge export markets (including adding new markets).

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Sales of motorcycles in Indonesia showed an improvement ahead of the Idul Fitri celebrations in late June (a popular period to purchase a motorcycle unit). Based on the latest data from the Indonesian Motorcycle Industry Association (AISI) motorcycle sales grew 15.16 percent year-on-year (y/y) to 531,496 units in May 2017, the highest growth rate since August 2014. On a monthly basis motorcycle sales in Indonesia grew 36.96 percent (m/m).

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In May 2017 Indonesia's national cement consumption extended the rise that started in the preceding month supported by a recovery in the property sector and infrastructure development projects. Based on data from the Indonesian Cement Association (ASI), cement demand grew 7 percent year-on-year (y/y) to 5.47 million tons in May. Meanwhile, cement sales rose 4.1 percent (y/y) to 25.26 million tons in the January-May 2017 period.

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