The Business Tendency Index in Indonesia declined to 104.82 in the fourth quarter of 2019 from 105.33 in the previous period. This was the weakest reading since the March quarter of the year, amid a deterioration in both income expectations (106.42 vs 106.92 in Q3) and usage of production capacity (105.26 vs 107.56). Meanwhile, average working hours rising (102.79 vs 101.51).
Business Confidence in Indonesia averaged 106.75 points from 2000 until 2019, reaching an all time high of 122.50 points in the second quarter of 2000 and a record low of 95.12 points in the first quarter of 2006. This page provides - Indonesia Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Statistics Indonesia
Business Confidence in Indonesia is expected to be 95.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Indonesia to stand at 103.00 in 12 months time. In the long-term, the Indonesia Business Confidence is projected to trend around 105.00 points in 2021 and 108.00 points in 2022, according to our econometric models.