Bank Indonesia released its latest Business Survey indicating that business activity was maintained in the first quarter of 2025, reflected in a positive weighted net balance (WNB) of 7.63%. Performance was led by Financial Services, followed by Agriculture, Forestry and Fishing, and Wholesale and Retail Trade and repair services, supported by the harvesting season and increased activity during Ramadan and Eid-ul-Fitr. Production capacity utilisation rose to 73.25% from 72.91% in the fourth quarter of 2024, mainly supported by Agriculture, Forestry and Fishing. Respondents assessed corporate financial conditions as generally sound in terms of liquidity and profitability, with credit remaining accessible. Looking ahead, respondents expect business activity to increase in the second quarter of 2025, with the WNB projected at 15.35%, driven primarily by Agriculture, Forestry and Fishing amid favourable weather, adequate production facilities and storage capacity, and maintained demand.
Bank of Indonesia 2025-04-25
Bank of Indonesia business survey shows Q1 2025 activity maintained at 7.63% WNB with Q2 outlook rising to 15.35%
Bank Indonesia's latest Business Survey reports stable business activity in Q1 2025, with a positive weighted net balance of 7.63%, led by Financial Services and Agriculture. Production capacity utilisation increased to 73.25%, supported by Agriculture, Forestry and Fishing. Respondents anticipate a rise in business activity in Q2 2025, with a projected WNB of 15.35%, driven by favourable conditions in Agriculture.