No.28/80/DKom
The latest Business Survey conducted by Bank Indonesia indicates maintained business activity in the first quarter of 2026. This was reflected by a positive Weighted Net Balance (WNB) of 10.11%. Most sectors recorded a positive WNB, particularly Financial Services; Agriculture, Forestry, and Fishing; the Manufacturing Industry; as well as Wholesale and Retail Trade, and Repair of Motor Vehicles and Motorcycles. This was consistent with a seasonal spike in demand during various national religious holidays coinciding with the first quarter of 2026, namely Chinese New Year, the Day of Silence, Ramadan and Eid-ul-Fitr 1447 H, as well as the start of the harvesting season for agricultural commodities.
Production capacity utilisation in the first quarter of 2026 increased to 73.33% from 73.15% in the fourth quarter of 2025. This increase was supported by Agriculture, Forestry, and Fishing as well as the Manufacturing Industry. Meanwhile, corporate financial conditions remained sound in terms of liquidity and profitability, accompanied by looser access to credit.
Respondents predict business activity to accelerate in the second quarter of 2026, with a WNB of 14.80%. Expected gains will primarily be driven by Agriculture, Forestry, and Fishing due to the ongoing food crop harvest, the Mining and Quarrying sector given lower rainfall that induces mining activity, as well as the Construction sector in line with the start of several projects.
More information concerning the Business Survey is available via the Bank Indonesia website.
Jakarta, 17th April 2026
Communication Department
Anton Pitono
Director
