While Indonesia’s manufacturing activity has remained contracting in July 2020 as a result of the COVID-19 crisis that seriously disrupts consumption, production and trade flows, the positive news is that the rate of contraction eased significantly.
Update COVID-19 in Indonesia: 365,240 confirmed infections, 12,617 deaths (19 October 2020)
19 October 2020 (closed)
USD/IDR (14,729) -12.00 -0.08%
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Jakarta Composite Index (5,126.33) +22.92 +0.45%
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.
The novel coronavirus (COVID-19) pandemic brings unusual times for any country, especially in terms of the economic and social environments. In the case of Indonesia it has triggered historically low headline inflation, namely 1.54 percent year-on-year (y/y) after July 2020 brought deflation of -0.10 percent month-on-month (m/m).
The risky decision of Indonesia’s central government and regional governments to (gradually) ease the various self-imposed social and business restrictions (that had been imposed in April 2020) has caused changes in economic activity in Indonesia, particularly in consumer behavior, starting from June 2020.
On Wednesday (05/08/2020) Indonesia Investments released the July 2020 edition of its monthly report. In this edition, titled 'A Modest Rebound', we discuss the impact of the COVID-19 crisis on the Indonesian economy, Indonesia's automotive industry, and a range of other topics.