- The Indonesian corporate sector continues to record negative revenue growth in Q2-2024, a condition that may persist given the short-lived commodity market rally and the souring domestic demand.
- The CAPEX realisation trend turned red for the first time in the last seven quarters as lower revenue dragged down the appetite to expand.
- The slowing revenue and CAPEX trend mean that the corporate sector leveraging trend is mostly driven by necessity rather than tactical moves to benefit from the prevailing financing condition.
