Subscriber Update - Analysis Indonesia's Q3-2021 Economic Growth
Update COVID-19 in Indonesia: 4,248,165 confirmed infections, 143,545 deaths (06 November 2021)
28 November 2021 (closed)
Jakarta Composite Index (6,561.55) -137.79 -2.06%
USD/IDR (14,146) -6.00 -0.04%
EUR/IDR (17,335) +57.05 +0.33%
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Between November 2020 and June 2021 we saw Indonesia’s manufacturing sector recovering from the ultra-lows that were recorded in the second and third quarters of 2020.
As expected, Indonesia posted very mild inflation in August 2021 amid the country’s (continued) social and business restrictions (PPKM) that disrupt demand across the economic centers on Java and Bali.
Soon, Indonesians will be able to enjoy the famous Subway sandwiches, again. In the fourth quarter of 2021 a couple of Subway stores are targeted to be opened in the Greater Jakarta region via a country franchise model (reportedly Subway’s very first country franchise model) with Sari Sandwich Indonesia. This model means no other parties are allowed to open Subway outlets in Indonesia.
Indonesia’s August 2021 trade balance was quite spectacular with the value of the country’s exports totaling USD $21.42 billion, the highest export figure in ten years.
