Meet the Mic & Mac Eco

Survey of Bank Indonesia (BI) with market perceptions of macroeconomic conditions in the second quarter 2010 will increase and grow in the range of 5,1-5,5 percent.

BI on the survey, Thursday (8/4/2010), estimate, macro-economic conditions in the second quarter will be better than the first quarter of 2010. BI survey involved 68 respondents from the average of the total active respondents who were 75 respondents.

Most respondents (39.7 percent) expect economic growth in second quarter-2010 will be in the range of 5,1-5,5 per cent, or higher than expected economic growth in the first quarter of 2010 amounted to 4.1 to 4.5 percent.

Increased economic growth in second quarter-2010 growth in line with rising expectations tercemin export performance of the current account surplus is expected to slightly increase compared with first quarter 2010.

Meanwhile, there are as many as 22.1 percent of respondents said the economy is at 4,6-5,0 per cent, and amounted to 20.6 percent of respondents predict the economy only grew in the range of 4,1-4,5 percent.

Respondents also believe that by offering better food crops and harvest the first quarter of 2010 to reduce inflationary pressures in the year in the second quarter of 2010.

On the other hand, external pressure from imported inflation (inflation caused by imported goods) is still at least where conditions are relatively stable exchange rate.

Annual inflation in the second quarter 2010 is estimated by the majority of respondents (48.5 percent) in the range of 2,1-3,5 percent.

Meanwhile, most respondents (26.5 percent) predicted that inflation will be at 3,6-4,0 percent (yoy), even only as much as 13.2 percent of respondents expect inflation in the range 4,6-5,0 percent (yoy).

This survey also estimates the exchange rate in second quarter 2010 were relatively stable, because encouraging the improved export performance.

Export performance of a positive influence on the condition of the rupiah against the dollar, where as many as 80.6 percent of respondents are optimistic that the exchange rate in second quarter-2010 is expected to be in the range Rp9.001-9500 per U.S. dollar, meanwhile, as many as 17.9 percent of respondents expect the exchange rate at Rp9.501-10.000 per U.S. dollar.

Current account surplus in second quarter-2010 is estimated larger than the first quarter 2010.

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