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Indonesia's economy grew 5.05 percent quarter-on-quarter in Q3 2020, below the 5.34 percent forecast, and contracted 3.49 percent year-on-year. The weak data pushed the rupiah off four-month lows near 14,375 per US dollar, with spot trading around 14,420.
A GDP miss signals weaker domestic demand in Indonesia, which can slow feed and livestock consumption, while currency swings affect the cost of imported feed inputs.
octaafrica.netNov 5, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
