Policy Note #1: Real Economic Activity Indicators and Indonesia’s Recent GDP Developments

The inaugural publication, “Real Economic Activity Indicators and Indonesia’s Recent GDP Developments,” examines Indonesia’s recent economic performance beyond headline GDP growth figures. By analyzing a range of real-sector indicators, the study offers a broader perspective on the country’s economic trajectory and highlights the importance of complementary measures in assessing economic conditions.

The analysis highlights several key findings:

  • Household-consumption indicators weakened after 2025Q2 despite stronger official consumption growth.
  • Investment indicators provided only partial support for the reported acceleration in investment activity.
  • Financial-market reactions to GDP releases were mixed.

Available Documents

  • English – Policy Note [Here]
  • Indonesian – Policy Note [Here]