- Indonesia's economic growth in the third quarter of 2020 improved. On an annual basis, the improvement in the domestic economy was also evident from the reduction in growth contraction to 3.49% (yoy) from the contraction in the second quarter of 2020 of 5,32% (yoy).
- The Consumer Price Index (CPI) in October 2020 recorded inflation of 0.07% (mtm), after experiencing consecutive deflation in the previous three months.
- The position of Indonesia's foreign exchange reserves at the end of October 2020 remained high at 133.7 billion US dollars, although it decreased compared to the position at the end of September 2020 of 135.2 billion US dollars
- Indonesia's trade balance in September 2020 recorded a surplus of 2.44 billion US dollars. This development continued the previous month's surplus of US $ 2.35 billion, so that Indonesia's trade balance in the third quarter of 2020 recorded a surplus of US $ 8.03 billion.
Monthly Economic & Market Outlook
Disclaimer :This document is for informational purposes only and obtained from a variety of reliable sources, but is not a guarantee the accuracy or completeness and should not be relied on completely. The above conditions may be changed at any time. Forbidden to rewrite anything without written permission from The East Java Regional Development Bank.