AEIR 2017

GDP grew by 5.0% in the first half of 2017, only marginally slower than in the same period of 2016. Buoyant fixed investment and net exports underpinned growth as these two components of aggregate demand accounted for nearly 50% of growth in the first half. Private consumption rose by 4.9% in the first half of this year, slightly down from 5.0% in the corresponding period of 2016 but contributing more than half of GDP growth.

Looking forward, GDP growth is likely to come in at 5.1% this year and 5.3% next year, supported by higher allocations for public investment and the gradually improving climate for private investment. External risks to the outlook tilt to the downside as they stem from weakening global commodity prices, volatility in international financial markets, geopolitical fragility in East Asia, and policy uncertainty in advanced economies, notably with regard to US monetary normalization.

Source: Asian Development Outlook 2017 Update, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 6.0 (Apr18)6.0 5.0
Broad Money Growth 2 7.5 (Mar18)7.5 8.3
Headline Inflation Rate 3 3.4 (Apr18)3.4 4.2
Industrial/ Manufacturing Production Growth Rate 3 -3.5 (Feb18)-0.4 3.8
Merchandise Export Growth 3 6.1 (Mar18)6.1 12.0
Exchange Rate Index 4 146.0 (Apr18)145.5 140.6
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; Badan Pusat Statistik.


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