Bank of Indonesia published its latest Business Survey showing business activity was maintained in the fourth quarter of 2024, with a weighted net balance (WNB) of 12.46%, and respondents expecting positive growth to continue in the first quarter of 2025 (WNB 11.96%). Most sectors recorded positive performance in Q4, led by Financial Services, followed by Information and Communication and Transportation and Storage, supported by higher activity ahead of the Christmas and New Year period. Production capacity utilisation was maintained at 72.91%, supported in particular by Electricity Supply and Water Supply, Sewerage, Waste Management and Remediation Activities. Respondents also reported improved corporate financial conditions, citing better liquidity and profitability alongside accessible credit. For Q1 2025, respondents anticipate broad-based growth, with strength expected in Agriculture, Forestry and Fishing (notably food crops ahead of the harvesting season), Wholesale and Retail Trade and vehicle repair, and Transportation and Storage, linked to rising demand ahead of Eid-ul-Fitr.
Bank of Indonesia 2025-01-17
Bank of Indonesia reports Q4 2024 business activity held steady and expects continued growth in Q1 2025
Bank of Indonesia's latest Business Survey shows stable Q4 2024 activity (WNB 12.46%) and anticipates positive Q1 2025 growth (WNB 11.96%). Financial Services led, with contributions from Information and Communication, and Transportation and Storage. Respondents noted improved financial conditions, citing better liquidity, profitability, and credit access, with expected growth in Agriculture, Forestry and Fishing, Wholesale and Retail Trade, and Transportation and Storage in Q1 2025.