BI Survey: Business World Grows in Q2 2026, Inflation Projected at 3.07 Percent

Business activity in Indonesia showed an increase during the second quarter of 2026, according to the latest Business Activity Survey (SKDU) conducted by Bank Indonesia (BI). The survey revealed a Weighted Balance Value (SBT) of 12.97 percent, marking an improvement from the 10.11 percent recorded in the previous quarter.

This uptick in business activity was primarily driven by growth in several key sectors. The agricultural, forestry, and fishery sectors, along with construction and mining and quarrying, experienced heightened activity. Additionally, the accommodation and food service sectors saw an increase, attributed to sustained demand during national religious holidays and the school holiday season in Q2 2026.

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The increase in business activity was driven by the rise in performance of the majority of main business fields, including agriculture, forestry, and fisheries, construction, and mining and quarrying, in line with increased business activities.

Capacity utilization also rose to 73.80 percent in the second quarter, up from 73.33 percent in the first quarter. This increase was notably supported by the agricultural, forestry, and fishery sectors, mining and quarrying, and the electricity supply sector. The survey also indicated that the overall financial condition of businesses remained robust, with stable liquidity and profitability, and continued ease of access to credit.

Looking ahead, the SKDU results suggest that business activity is expected to remain steady in the third quarter of 2026, with a projected SBT of 11.75 percent. Growth is anticipated in the manufacturing, wholesale trade, and automotive repair sectors, driven by expectations of sustained consumer demand. The construction sector is also projected to expand due to ongoing government and private projects, while mining and quarrying activities are expected to increase with reduced rainfall.

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Meanwhile, the overall financial condition of businesses remained good in terms of liquidity and profitability, with credit access remaining easy.