- Indonesia’s direct investment grew 17.2% YoY (USD 27.6 Bn) in Q2-24, with DDI growing 29.1% YoY (IDR 211 Tn) and FDI accelerated to 15.1% YoY (USD 14.5 Bn).
- Investment mostly went into commodity-related sectors, but the numbers are significantly lower outside of them. There are also government-directed investments, which still support DDI growth.
- Investment into manufacturing has been disappointing, in line with PMI data and the CAPEX growth of listed companies, which points to Indonesia lagging in the industrial relocation game due to relatively low industrial know-how compared to peer countries.
