Global Economy
Trade deficit in the United States dipped to US$ 42.78 billion in July 2010 from a revised US$ 49.76 billion in previous month. Exports rose to the highest in nearly two years.
India’s wholesale price inflation lessened to 8.51% annually in August 2010 from 9.78% in prior month. The central bank nonetheless lifted its policy rates.
Japanese government intervened in the currency market for the first time since 2004 as a part of its effort to shield export competitiveness and halt deflation.
Indonesia Economy
Indonesia's competitiveness was placed at 44th among 139 countries, according to the latest survey by World Economic Forum. That compared to 54th position reported in previous survey.
Central government registered Rp 36.4 trillion of budget surplus as of 7 September 2010. Revenues and expenditures amounted 63.2% and 52.4% of its full year target.
Consumer confidence dropped to 16-month low in August 2010 as power rate hike and high inflation in the fasting month reduced real income.
Bank Indonesia retained its policy interest rate at 6.5% and expressed its concern on demand-driven inflation. The central bank also decided to lift primary reserve requirements from 5% to 8% of banks’ third party rupiah deposits.
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