Indonesia's real GDP growth likely remained weak in Q1-2015
Indonesia's National Statistics Agency (BPS) will release Q1-2015 GDP data on 5 May. GDP growth of 5.1% y/y is expected, versus 5.0% in Q4-2014 and marginally higher than market consensus of 5.0%.Household consumption (t…
Indonesia's National Statistics Agency (BPS) will release Q1-2015 GDP data on 5 May. GDP growth of 5.1% y/y is expected, versus 5.0% in Q4-2014 and marginally higher than market consensus of 5.0%.
Household consumption (the main engine of real GDP growth) and investment likely slowed in Q1 owing in part to Bank Indonesia's monetary policy tightening stance.
Investment also likely slowed on Indonesian rupiah (IDR) weakness, which increased costs of raw material and capital-goods imports for some industries. Government spending and export performance likely remained weak.
"We expect GDP growth to pick up marginally to 5.2% in 2015 from 5.0% in 2014", said Standard Chartered in a report on Monday.
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