Sharpfokus daily

Signs of growth

While the world panics about economic growth....

Bond yields continue to collapse.

There are signs of growth here on Indonesia.

Our favorite measure of growth is $ imports.

That’s real consumer purchasing power.

In July, after the holidays, imports jumped 33%.

In one month.

To the highest level of the year so far,

But before we celebrate.

Remember.

Imports are down 15% from July 2018.

And...

If you can believe this...

Our imports have not changed since July 2011.

In fact they’re slightly lower.

No growth in real domestic demand for 8 years.

Our economy needs a boost.

But it seems to getting on.

3Q 2019 may be the beginning of a new era.

Sebastian

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