Companies / Indonesia
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Indonesia Weathers The Storm
May 2007 | BMI ViewSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Despite a weakened February, when flooding in Jakarta reduced the number of working days for many businesses, new vehicle sales for Q107 showed that Indonesia's automotive industry is well on the way to achieving the recovery forecast in BMI's recently published Indonesia Automotives Report. Following a 40% contraction in the market in 2006, results for the first quarter of 2007 rose by 6.4% y-o-y to 84,512 units. March was particularly strong, registering growth of 26% y-o-y as sales delayed by the previous month's flood were finalised. However, April proved that March was no anomaly with a 55% y-o-y increase to