Latest news with #statisticsbureau
CNA
15 hours ago
- Business
- CNA
Indonesian annual inflation at 1.87% in June, just above expectations
JAKARTA :Indonesia's annual inflation rate was 1.87 per cent in June, the statistics bureau said on Tuesday, just above market expectations. A Reuters poll of analysts had expected an annual inflation rate of 1.80 per cent in June. Bank Indonesia has a target range of 1.5 per cent to 3.5 per cent for inflation. Core inflation data will be released later on Tuesday. The central bank paused its easing cycle at a policy review last month, but said there was still room to cut rates given moderate inflation and the need to support economic activity.
CNA
15 hours ago
- Business
- CNA
Indonesian exports rise 9.7% in May, statistics bureau says
JAKARTA :Indonesia's exports rose 9.68 per cent in May from a year earlier to $24.61 billion supported by increased shipments of vegetable oils and steel, the statistics bureau said on Tuesday. The increase in exports was higher than the median forecast in a Reuters poll of a 0.40 per cent rise. The trade surplus was $4.3 billion in May, increasing from April's figure of around $160 million, which was the smallest monthly surplus in five years. Imports rose 4.14 per cent on a yearly basis to $20.31 billion, stronger than the median forecast of a 0.90 per cent rise in the poll, on increased shipments of capital goods and consumer bureau is due to release May inflation and other economic indicators later on Tuesday.
Reuters
15 hours ago
- Business
- Reuters
Indonesian exports rise 9.7% in May, statistics bureau says
JAKARTA, July 1 (Reuters) - Indonesia's exports rose 9.68% in May from a year earlier to $24.61 billion supported by increased shipments of vegetable oils and steel, the statistics bureau said on Tuesday. The increase in exports was higher than the median forecast in a Reuters poll of a 0.40% rise. The trade surplus was $4.3 billion in May, increasing from April's figure of around $160 million, which was the smallest monthly surplus in five years. Imports rose 4.14% on a yearly basis to $20.31 billion, stronger than the median forecast of a 0.90% rise in the poll, on increased shipments of capital goods and consumer goods. The bureau is due to release May inflation and other economic indicators later on Tuesday.
Bloomberg
16-06-2025
- Business
- Bloomberg
China Cuts Steel Output as Beijing's Curbs Start to Take Effect
China churned out a lot less steel in May compared to the previous year as mills responded to the government's pledge to cut production. It's the first year-on-year contraction in the monthly figure since Beijing vowed to address the industry's glut at its annual policy meeting in March, according to the statistics bureau on Monday. Production declined 6.9% to 86.55 million tons, pushing output 1.7% lower over the first five months.
CNA
01-06-2025
- Business
- CNA
New home prices in China rise on policy hope, private survey says
BEIJING: The average price of new homes across 100 cities in China climbed 0.30 per cent in May, suggesting supportive policies could be yielding some effect, according to a private survey released by property researcher China Index Academy on Sunday (Jun 1). The increase was almost double the last month's rate of increase at 0.14 per cent. New home prices have been under pressure even as Chinese policymakers plough in efforts since last year to stabilise the sector with supportive measures, including most recently lowering lending rates to spur real estate purchases. "Overall, the current macro policy support for the property market has been increasing," the real estate research institute said in a report posted on its WeChat account. New home prices in first- and second-tier cities were surveyed rising from a month ago, with Shanghai topping the list of 100 cities. On a year-on-year basis, the average prices for new homes rose faster at 2.56 per cent, versus 2.50 per cent in April. China's statistics bureau will release the official data for home prices on Jun 16. The market continued to see a persistently high volume of listings for second-hand residential units, keeping prices lower in that segment, it said. Prices of second-hand properties fell 0.71 per cent from a month ago, and 7.24 per cent year-on-year. That compared with April's declines of 0.69 per cent and 7.23 per cent, respectively. The property market, accounting for roughly a quarter of economic activity at its peak, is where some 70 per cent of China's household wealth is invested.
