On Friday (07/02) Indonesia Investments released the January 2020 edition of its monthly report. In this first edition of 2020 we zoom in on the digital economy of Indonesia.
17 February 2020 (closed)
USD/IDR (13,676) -17.01 -0.12%
EUR/IDR (14,805) -37.58 -0.25%
Jakarta Composite Index (5,867.52) +0.58 +0.01%
The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
While the Indonesian rupiah rate had retreated against the US dollar in November 2019 amid an increase in uncertainty in international markets, the Indonesian currency managed to end the year 2019 on a positive note.
For the sixth straight month manufacturing activity in Indonesia remained in the red zone. It therefore was a very disappointing second half of 2019. Moreover, it raises room for concern about Indonesia’s overall economic growth in 2019.
Indonesian inflation was kept at a very mild rate of 0.34 percent month-on-month (m/m) in December 2019. This is remarkably low inflation considering the last month of the year usually triggers a significant increase in demand for consumer goods in the context of the Christmas and New Year celebrations. It is also a period when many Indonesians opt for a holiday.