• Economic Update

    • economic update
    • economicupdate
      • April-2021: Time to Leap in Second Quarter 2021!
        PEFINDO is of the view that the business activities and import activities will lead to an economic improvement in the second quarter of 2021. Two main indicators sourced from the Bank Indonesia’s Business Activity Survey (Survei Kegiatan Dunia Usaha) show all sectors recorded positive numbers in the next quarter and the import of Raw and Auxulary materials (Bahan Baku dan Penolong) recorded a hike of 31.80% month-to-month (mtm) or 25.82% year-on-year (YoY) in March 2021. Despite these improvements, the pace of Indonesia’s economic recovery still lagged behind the three biggest economies in the world, namely China, the US, dan Japan. Yet, we believe the expansion will accelerate in the second quarter and the rest of the year. More detail ...
      • February-2021: Waiting For The Recovery Signal
        PEFINDO is of the view that Indonesia has struggled to find a clear path out of an economic recession after experiencing the first annual contraction since the 1998 Asian financial crisis. In response, the government has stepped up public spending to a record high, resulting in rapid growth in sovereign debt. At the same time, however, the hoped-for swoosh-shaped economic-recovery did not materialize as private consumption failed to be the driver for growth in the fourth quarter leading to a contraction of 0.42% (quarter-to-quarter/qtq). More detail ...
      • December-2020: Probability of Yield in 2021: How Low Can You Go?
        PEFINDO is of the view that the success in vaccination program and the sound fundamental of domestic economy, in addition to the global push factor hopefully will have a positive impact on Indonesia’s financial market, hence improving Indonesia’s sovereign yield. The accommodative stance of the central bank (Bank Indonesia – BI) will lead to reopening of widespread business activity and the fiscal stimuli will spur demand of the low and middle level. In the meantime, the sell-off behavior in the global safe-haven asset is expected to drive a resurgence of foreign capital inflows to domestic financial markets. More detail ...
      • October-2020: Turning Point To Accelerate Economic Recovery
        PEFINDO is of the view that uncertainties have reached its peak and domestic economic recession has bottomed out; hence, it is expected that the economy will gradually return to its normal path. Much of these favorable developments were due to the Rp695,2 trillion government budget allocation to mitigate the social and economic impact of the Covid-19 pandemic. The latest (August) Retail Sales Survey performed by Bank Indonesia shows an an encouraging retail sales performance across most commodity groups. Furthermore, the latest (Q3) Prompt Manufacturing Index (PMI), also conducted by Bank Indonesia, jumped from only 28.6 point in the second quarter to 44.9 point in the third quarter, and is expected to increase slightly to 47.2 point in the next quarter (Q4) of 2020. More detail ...
      • August-2020: Vaccine: The Hope
        PEFINDO is of the view that an effective and mass produced COVID-19 vaccine is the key to ending the current global health crisis and its devastating economic impacts. As of August 13, 2020, just one such vaccine has been approved for early use, “Sputnik V”, developed by the Gamaleya Research Institute in Moscow, although experts have raised considerable concerns over its safety and efficacy given that it has not yet completed Phase 3 clinical trials. More detail ...
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