The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines 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.
In July 2023 we saw a relatively modest trade surplus for Indonesia at USD $1.31 billion, down heavily from USD $3.45 billion in the previous month when it was the weak import performance that allowed Southeast Asia’s largest economy to enjoy a wide trade surplus.
In line with our forecast, Indonesia recorded mild deflation in August 2023. Based on the latest data from Statistics Indonesia (BPS) Indonesian deflation was recorded at 0.02 percent month-on-month (m/m) in August 2023. But because deflation was milder than last year, Indonesia’s annual inflation accelerated to 3.27 percent (y/y).
On Thursday (07.09.2023) Indonesia Investments released the August 2023 edition of its monthly report. The report discusses a selection of key economic, political and social developments that were relevant in Indonesia in the month of August 2023.
Indonesia’s Statistical Office (Badan Pusat Statistik, or BPS) shared some great news on 7 August 2023. The agency announced that Indonesia’s gross domestic product (GDP) expanded by 5.17 percent year-on-year (y/y) in the second quarter of 2023. This was better than most forecasts, including our projection of 4.9 percent (y/y).
