Business Activity Survey Q1 2019 : Activity Increased - Bank Sentral Republik Indonesia
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June 06, 2020

Business Survey conducted by Bank Indonesia reported stronger growth in the first quarter of 2019 compare to previous quarter. The upswing was reflected the weighted net balance (WNB) of 8,65%, up from 6,19% in the previous quarter. The agricultural, plantation, livestock, forestry and fisheries sector was the main driver of growth, predominantly led by food crop activity induced by the upcoming harvesting season.

Inline with the increasing business activity, production capacity and labour utilisation were reported to increase. Businesses also maintained sound liquidity and profitability during the first quarter of 2019, with relatively easy access to credit.

Respondent predicted the upward trend of business activity to persist into second quarter of 2019, reflecting an increase in the WNB to 21,42%. The growing business activities were predicted to occur in all economic sectors, especially services sector and manufacturing industry. Inline with the build up optimism in the business activity, labour utilisation and investment activities were also predicted to increase compared to condition in the first quarter of 2019.

The complete survey result is available in the Business Activity Survey on the website of Bank Indonesia



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