Indonesia On The Up

Indonesia's new vehicle sales have turned a corner following a cut in interest rates. BMI highlights the effect of Bank Indonesia's decision in its recently published Indonesia Automotives Report, which envisages full-year sales of 312,000 units. This is a downward revision from the previous forecast of just under 342,000 units, but the Report recognises that the upturn witnessed in November should be sustainable going into December and beyond. From 2008 onwards, BMI expects a return to significant annual growth although still falling short of 2005's record sales for the next five years. An increase in the country's export activity should

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