Below is a list with tagged columns and company profiles.

Today's Headlines BPS

  • Indonesia's May Trade Surplus Narrows to $375.6 Million

    Today (15/06) Statistics Indonesia (BPS) announced that Indonesia's May trade balance showed a surplus of USD $375.6 million, below analyst estimates (at USD $680 million) and below the (revised) USD $660 million trade surplus recorded in the preceding month. Although having a trade surplus is good, there remain concerns about Indonesia's falling exports and imports as these declines are signs of weakening domestic and global economic activity.

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  • Trade Balance Indonesia: $670 Million Surplus in April 2016

    Based on the latest data from Statistics Indonesia (BPS), Indonesia booked a USD $670 million trade surplus in April 2016, primarily caused by a bigger-than-expected decline in imports. Most analysts expected to see a monthly trade surplus around USD $200 million last month. In the first four months of 2016, Indonesia's trade balance has now accumulated into a USD $2.3 billion trade surplus. Although the surplus is positive, there remain deep concerns about the persistently falling import and export figures.

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  • Unemployment Rate Indonesia Falls to 5.5% of Labor Force

    According to the latest data from Statistics Indonesia (BPS) the unemployment rate of Indonesia fell to 5.5 percent of the nation's labor force, or 7.02 million people in absolute terms, in February 2016 (compared to an unemployment rate of 5.81 percent one year earlier). The data from BPS also indicate that Indonesia's workforce - remarkably - shrank from 128.3 million in February 2015 to 127.8 million people in February 2016 particularly due to a decline in workers in the agriculture sector.

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  • Disappointing Figure; Indonesia's GDP Growth at 4.92% in Q1-2016

    Economic growth of Indonesia was weaker-than-estimated in the first quarter of 2016. According to the latest data from Statistics Indonesia (BPS), released today (04/05), Indonesia's gross domestic product (GDP) growth reached 4.92 percent (y/y) in Q1-2016. Most analysts expected to see a GDP growth pace slightly above the 5 percent (y/y) mark and therefore the publication of BPS was disappointing and raises questions whether Indonesia's economic growth can in fact accelerate significantly in 2016.

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  • BPS: Manufacturing Activity Indonesia Falls 1.34% in Q1-2016

    In the first quarter of 2016 Indonesia's manufacturing activity declined 1.34 percent from the fourth quarter of 2015 according to data from Statistics Indonesia (BPS). This decline is primarily caused by weaker growth of the processed tobacco industry (-9.99 percent q/q), rubber & plastic industry (-7.66 percent q/q), paper & paper products industry (-5.73 percent q/q), the motor vehicles, trailers and semi-trailers industry (-4.54 percent q/q), and electrical equipment (-4.13 percent q/q). BPS Head Suryamin said the decline of the tobacco industry was caused by a weak harvest, not because of a rise in the tobacco tax rate.

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  • Indonesia's Inflation Rate Eases to 3.60% y/y in April 2016

    Indonesia's April deflation of 0.45 percent month-to-month (m/m) was slightly higher than estimated (the general consensus among analysts was 0.29 percent m/m deflation in April 2016). Traditionally, Indonesia experiences deflation in April as food prices ease due to the harvest season. This year, however, deflationary pressure was higher than usual as, per 1 April 2016, Indonesia's premium gasoline and diesel fuel prices were cut by IDR 500 (approx. USD $0.04) per liter, thus curtailing transportation costs. Indonesia's annual inflation rate now stands at 3.60 percent (y/y).

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  • Indonesia's Gini Ratio Fell in 2015; Concerns about Social Cohesion Persist

    Indonesia's Gini ratio (or Gini coefficient), which measures the degree of inequality in income distribution, improved slightly in September 2015. According to the latest data published by Statistics Indonesia (BPS), the Gini ratio of Indonesia fell from 0.41 in March 2015 to 0.40 in September 2015, indicating that income distribution inequality slightly declined (a coefficient of zero expresses perfect equality, while a reading of 1 implies maximal inequality). The modest improvement occurred in the urban areas of Indonesia where the Gini ratio fell 0.1 point to 0.43. In the rural areas the ratio remained stagnant at 0.33.

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  • Trade Balance Indonesia: $490 Million Surplus in March 2016

    Indonesia's Statistics Agency (BPS) announced today that the nation's trade balance posted a USD $490 million trade surplus in March 2016. In line with analysts' forecasts, Indonesia's March trade surplus shrank considerably from a USD $1.1 billion surplus one month earlier. Indonesia's March exports reached a total of USD $11.79 billion, while imports were recorded at USD $11.30 billion. Although the nation's exports and imports rose compared to the preceding month, there remains ongoing concern about the slumping export/import figures on a year-on-year basis.

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  • Indonesia's Inflation Rate Rises Slightly in March 2016

    In line with expectations, Statistics Indonesia (BPS) announced that Indonesia's annual inflation rate only rose modestly in March 2016. The nation's March inflation figure climbed to 4.45 percent year-on-year (y/y) in March from 4.42 percent (y/y) in the preceding month. On a monthly basis, Indonesian inflation accelerated 0.19 percent (m/m) in March. The country's core inflation, which excludes administered and volatile food prices, stood at 3.50 percent, slighly below the average 3.60 percent estimate of analysts.

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  • Trade Balance Indonesia: $1.14 Billion Surplus in February

    Indonesia's trade surplus was better than expected in February 2016. Today, Indonesia's Statistics agency (BPS) announced that the nation's trade surplus was recorded at USD $1.14 billion in the second month of the year, considerably higher compared to the revised USD $10 million surplus Indonesia recorded in the preceding month. Suryamin, Chairman of BPS, said this surplus was the biggest February surplus in the last five years. Another positive sign is that - although continuing to decline in February - the contraction of Indonesia's exports in February occurred at the slowest rate since October 2014.

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Latest Columns BPS

  • April Inflation Update Indonesia: Consumer Price Index up 0.36% m/m

    Statistics Indonesia (BPS) announced on Monday morning (04/05) that Indonesia’s inflation accelerated to 6.79 percent year-on-year (y/y) in April 2015. On a month-to-month basis, Indonesian inflation was recorded at 0.36 percent in April. Although this result is in line with analysts’ previous projections, April inflation realization is in sharp contrast with the ‘usual’ inflation pace in the fourth month of the year. Usually, Indonesia records slight deflation in April as prices ease amid the peak of the harvest season.

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  • Trade Balance Update Indonesia: $20 Million Surplus in October 2014

    After having recorded a trade deficit for several months, Indonesia finally posted a USD $20 million trade surplus in October 2014, according to data from the country’s Central Statistics Agency (BPS) released on Monday (01/12). Exports in October amounted to USD $15.35 billion, while imports were recorded at USD $15.33 billion. The improvement in Indonesia’s trade balance was mainly on the back of growth in the country’s non-oil & gas sector exports. This sector saw a surplus of USD $1.13 billion (up from USD $760 million in September).

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  • Indonesia Market Update: June Trade Balance and July Inflation

    According to Statistics Indonesia (BPS), the country’s trade balance in June 2014 recorded a deficit of USD $0.30 billion after the USD $0.05 billion surplus in the previous month. The performance of Indonesia’s trade balance was influenced by shrinkage of the country’s non-oil & gas surplus amid a lower oil & gas deficit compared to May 2014. Meanwhile, inflation was up 0.93 percent (month-to-month) in July 2014; a good performance amid the Ramadan and Idul Fitri festivities. Annual inflation eased to 4.53 percent (year-on-year).

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  • Poverty in Indonesia: National Poverty Rate Fell to 11.25% in March 2014

    Head of Statistics Indonesia (BPS) Suryamin announced on Tuesday (01/07) that the number of poor people in Indonesia declined slightly to 28.28 million people (or 11.25 percent of the total population) in March 2014, from 28.60 million (11.46 percent of the total population) in September 2013. However, compared to March last year, poverty has increased by 110,000 people due to high inflation and a slowing economy; economic growth slowed to 5.78 percent in 2013 and this decline continued to 5.21 percent in the first quarter of 2014.

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  • Indonesia Posted Unexpected Large April Trade Deficit and higher Inflation

    Today (02/06), Statistics Indonesia released various important economic data that provide more insight into the state of the Indonesian economy. Two of these indicators - inflation and trade - are discussed in this column. Head of Statistics Indonesia Suryamin announced that inflation in May 2014 rose by 0.16 percent (slightly higher than previously expected), while the April 2014 trade balance of Indonesia recorded a USD $1.96 billion deficit. These data were not well received by the market, evidenced by sharp rupiah depreciation.

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  • What about Indonesia's Domestic Consumption in 2014?

    Recently, Statistics Indonesia (BPS) released various data in the context of Indonesia's gross domestic product (GDP). Economic expansion of Southeast Asia's largest economy slowed to 5.78 percent (year-on-year) in 2013. Household consumption accounted for the largest share of Indonesia's GDP (55.8 percent) and continued to grow significantly (5.28 percent yoy) in 2013. This consumer force is one of the main reasons why many foreign companies enter and expand their businesses in Indonesia.

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  • Analysis of Indonesia's October Inflation and September Trade Deficit

    Indonesia's October inflation rate was well-received by investors. On Friday (01/11), Statistics Indonesia (BPS) announced that the country's inflation in October 2013 grew 0.09 percent. Easing inflation was mainly due to falling prices of raw foods and clothes. Year-on-year (yoy), however, Indonesia's inflation is still high at 8.32 percent, although showing a moderating trend from 8.40 percent (yoy) in September 2013 and 8.79 percent (yoy) in August 2013. Inflation had skyrocketed after subsidized fuel prices were raised by an average 33 percent in June.

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  • Deflation or Inflation in September? Bank Indonesia vs Statistics Indonesia

    Indonesia's central bank, Bank Indonesia, expects deflation of about 0.9 percent in September 2013. Statistics Indonesia, on the other hand, believes there will be limited inflation this month. Both institutions agree, however, on a forecast of at least 9 percent of inflation over full-year 2013. The bank's September forecast is based on a survey that was conducted in the second week of September. This survey showed that food commodities and government administered prices eased.

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  • Indonesia's Economic Growth in Q2-2013 Projected at Six Percent

    The slowing pace of investments has made the Indonesian government decide to revise down its forecast for economic growth in the second quarter of 2013. Minister of Finance, M. Chatib Basri, believes that GDP growth will not exceed the six percent threshold in Q2-2013. He explained that there are a number of factors that refrain the government from setting a higher growth assumption. These factors include ailing exports, non-optimal government spending, and diminishing gross fixed capital investment.

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