INDONESIA D AILY ECONOMIC UPDAT E
                                       Thursday, 11 July 2019



ECONOMIC HIGHLIGHTS

      Bank Indonesia’s Business Survey reported stronger growth in Q2 2019 compared to the
          previous quarter (the weighted net balance of 19.17 percent in Q2 2019 compared to
          8.65 percent in Q1 2019). Trade, Accommodation and Food Service activities as well as
          the Manufacturing Industry was the main driver of business improvement.




DAILY INDONESIAN FINANCIAL INDICATORS

                                                                                 Change                  Change or total
                                                         Date of                  since
                                                                       Unit
                                             Latest       latest                   last        In last       In last    Year-to-
                                             value        value                  trading       week*         month*      date
                                                                                   day

Stock market
Jakarta Composite Index                         6,417       11 Jul                    0.1%        0.6%          1.8%          3.6%
                  Net purchases by               0.87       11 Jul     IDR, tn           --         1.7          13.3          70.9
                   foreign investors

Exchange rate: IDR/USD
                   Bank Indonesia              14,089       11 Jul                   -0.4%       -0.1%          -1.2%        -2.7%
                       Bloomberg               14,067       11 Jul                   -0.5%       -0.5%          -1.2%        -2.2%

Government bonds
              Yield: 1 year IDR bond            6.2%        11 Jul        bps          -7.1         -13           -27           -59
              Yield: 5-year IDR bond            6.8%        11 Jul        bps         -10.0         -17           -74          -122
             Yield: 10-year IDR bond            7.3%        11 Jul        bps          -5.1          -1           -61           -80
       Foreign holdings of IDR bonds            1,001       08 Jul     IDR, tn            --         11            51           108
   Indonesia USD bonds strip spread               179       10 Jul        bps           1.8          -7            -8           -58
        Asia USD bonds strip spread               175       10 Jul        bps           3.0          -4            -7           -42
 Indonesia sovereign CDS: 5yr, mid-                88       10 Jul        bps          -0.5           0           -13           -49
                                price

Corporate bonds
  Indonesia USD bonds strip spread                 281      10 Jul         bps          6.2              0        -68          -131

Interest rates
                             IndONIA             5.9%       10 Jul         bps          0.1         8.7           0.7          -1.7
               IndONIA spread relative           -11.5      10 Jul         bps          0.1         8.7           0.7          -1.7
                         to policy rate

International reserves                          123.8      30 Jun    USD, bn              --          --          3.5           3.2

* One week and month prior to latest observation


SOURCES
Data are taken from the following: the latest Jakarta Stock Exchange and Indonesian government IDR bond yield data are taken from
the Indonesian Stock Exchange (www.idx.co.id). BI IndONIA and IDR mid exchange rates from Bank Indonesia (www.bi.go.id), after
5 pm each day. BI reports international reserves data directly. The Directorate General of Debt Management at the Indonesian Ministry
of Finance provides data on the foreign holdings of IDR government bonds (www.djppr.kemenkeu.go.id). The CDS premium on 5-
year Indonesian government USD bonds and Indonesian corporate bond spreads are sourced from JPMorgan.