- Rising gold prices and stable demand for companies targeting the upper segment of the market continue to drive revenue growth in Indonesia’s corporate sector; the latter highlights the uneven demand conditions across income segments.
- While CAPEX growth continues to accelerate, higher CAPEX growth remains concentrated in the capital-intensive sector, indicating a disconnect between corporate expansion and the demand for labour.
- Corporate revenue growth may continue as lower real interest rates could incentivise households to increase their consumption level, but the uneven consumption growth may not be enough to encourage the wider part of the domestic corporate sector to expand.