The Business Tendency Index in Indonesia declined to 102.90 in the second quarter of 2020 from 104.82 in the previous period.
Business Confidence in Indonesia averaged 106.70 points from 2000 until 2020, 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 September of 2020. source: Statistics Indonesia
Business Confidence in Indonesia is expected to be 97.00 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 105.00 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.
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Indonesia Business Confidence
In Indonesia, the Business Tendency Index (BTI) measures the expectations of entrepreneurs about current business income, production capacity, average working hours and future domestic and foreign orders, selling prices and raw materials. The survey covers a sample of around 2000 managers from large and medium companies from almost all regions of the country and from the main sectors of the economy (Agriculture, Mining and Quarrying, Manufacturing, Electricity, Gas and Water, Construction, Trade, Hotels, Transportation and Communication, Financial and Services). For each of the variables measured, the proportion of positive, negative and neutral answers is computed, and the final index is reported as a weighted average of those proportions. The BTI above 100 indicates an improving outlook and below 100 a deteriorating outlook.