Economy of Indonesia in Q1-2017: Satisfied or Concerned?
Overall, market participants are satisfied with Indonesia’s economic growth in the first quarter of 2017. Indonesia’s Statistics Agency (BPS) released the nation’s official first quarter gross domestic product (GDP) data on Friday (05/05). It showed a 5.01 percent year-on-year (y/y) growth pace in Q1-2017,
Most market participants seem satisfied with #Indonesia‘s Q1-2017 GDP growth figure, reflected by a strengthening Jakarta Composite Index. Indonesia’s improving export performance in the first quarter of the year is cited as the key source of growth, expanding 8.04 percent (y/y).
Across the globe on Friday morning because a significant decline in commodity prices dented investors’ risk appetite, stocks prices went down.
Indonesian economy 2017 | While most main Asian bourses fell, Indonesia bucked the trend, supported by the latest GDP data. The Jakarta Composite Index was in the red for the first hour of trading on the last trading day of the week but recovered after the GDP data were released. At the end of the day the benchmark index had risen 0.25 percent to 5,683.38 points.