Consumer stocks top Indonesia’s bourse

Indonesian consumers fueled 65 per cent of the economy in 2012

Indonesia’s burgeoning middle class will continue to make consumer-related stocks the top earners on the country’s stock exchange in 2013, industry experts predict.

Over the past year, robust domestic demand has become the economic bulwark of the archipelago, shielding the country from external shocks while keeping growth above 6 per cent in 2012 and prompting similar forecasts in 2013.

According to various studies, domestic consumption has fueled approximately 65 per cent of the economy. This consumption has largely derived from the increased wealth generated by city dwellers, which have begun to seek out new white goods, motor vehicles and property.

In November 2012, Indonesia’s Consumer Confidence Index hit record heights at 120.1 points, the highest of the year to date.

Analysts predict that continued confidence by Indonesians will lead to banner years for the country’s consumer, property and manufacturing sectors.

Increased government spending on infrastructure has also supported economic growth in Southeast Asia’s largest economy. President Susilo Bambang Yudhoyono has pledged to build more highways, airports and ports to improve infrastructure and meet a growth target of an average 6.6 percent by the end of his second term in 2014.

On the production side, the telecommunications, construction and manufacturing sectors have led growth.



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[caption id="attachment_6315" align="alignleft" width="211"] Indonesian consumers fueled 65 per cent of the economy in 2012[/caption] Indonesia’s burgeoning middle class will continue to make consumer-related stocks the top earners on the country’s stock exchange in 2013, industry experts predict. Over the past year, robust domestic demand has become the economic bulwark of the archipelago, shielding the country from external shocks while keeping growth above 6 per cent in 2012 and prompting similar forecasts in 2013. According to various studies, domestic consumption has fueled approximately 65 per cent of the economy. This consumption has largely derived from the increased wealth generated by city...

Indonesian consumers fueled 65 per cent of the economy in 2012

Indonesia’s burgeoning middle class will continue to make consumer-related stocks the top earners on the country’s stock exchange in 2013, industry experts predict.

Over the past year, robust domestic demand has become the economic bulwark of the archipelago, shielding the country from external shocks while keeping growth above 6 per cent in 2012 and prompting similar forecasts in 2013.

According to various studies, domestic consumption has fueled approximately 65 per cent of the economy. This consumption has largely derived from the increased wealth generated by city dwellers, which have begun to seek out new white goods, motor vehicles and property.

In November 2012, Indonesia’s Consumer Confidence Index hit record heights at 120.1 points, the highest of the year to date.

Analysts predict that continued confidence by Indonesians will lead to banner years for the country’s consumer, property and manufacturing sectors.

Increased government spending on infrastructure has also supported economic growth in Southeast Asia’s largest economy. President Susilo Bambang Yudhoyono has pledged to build more highways, airports and ports to improve infrastructure and meet a growth target of an average 6.6 percent by the end of his second term in 2014.

On the production side, the telecommunications, construction and manufacturing sectors have led growth.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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