Bank Indonesia published the results of its fourth quarter 2025 Business Survey, indicating that business activity was maintained, reflected in a Weighted Net Balance (WNB) of 10.61%. Most sectors recorded a positive WNB, led by Financial Services, alongside Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles, the Manufacturing Industry, Public Administration, Defence and Compulsory Social Security, Information and Communication, and Accommodation and Food Service Activities, consistent with a seasonal uplift in demand around Christmas and New Year. Production capacity utilisation was maintained at 73.15%, supported by Electricity Supply and by Water Supply, Sewerage, Waste Management and Remediation Activities. Corporate financial conditions were generally described as sound in liquidity and profitability, with looser access to credit. Respondents expect business activity to accelerate in the first quarter of 2026, with a WNB of 12.93%, driven mainly by Agriculture, Forestry and Fishing due to the harvesting season and by higher activity in manufacturing, transportation and storage, and wholesale and retail trade in response to seasonal demand during Ramadan and Eid-ul-Fitr 1447 H.
Bank Indonesia 2026-01-19
Bank Indonesia survey shows Q4 2025 business activity maintained with WNB 10.61% and Q1 2026 outlook at 12.93%
Bank Indonesia's fourth quarter 2025 Business Survey shows stable business activity with a Weighted Net Balance (WNB) of 10.61%, led by Financial Services and other key sectors. Production capacity utilisation remained at 73.15%, with sound corporate financial conditions and expectations of increased activity in early 2026 driven by seasonal demand and the harvesting season.