Flash News

What is 3Q GDP Number Telling You

Indonesia’s 3Q17 GDP slightly increased from 5.01% in 2Q17 to 5.06%, still in-line with BPAM’s forecast of 5.0-5.2% for FY17 (although it’s below consensus forecast 5.19%). If we breakdown by segments, the good data is coming from investment and export. Meanwhile, consumption remain soft.

How about 2018?

We still expect gradual recovery (not V-shape) with better outlook for next year’s GDP of 5.2-5.3% (VS 5.0-5.2% in FY17).

What will be the drivers?