BI Survey: Business Activity Grows in Q2 2026, Inflation Projected at 3.07 Percent
Bank Indonesia (BI) has reported that its Survey of Business Activities (SKDU) indicates an improvement in business performance during the second quarter of 2026. This is reflected in a Weighted Net Balance (SBT) of 12.97 percent, up from 10.11 percent in the previous quarter. The increase in business activity was driven by growth in major sectors, including agriculture, forestry, and fisheries; construction; and mining and quarrying, in line with heightened operational activity. The accommodation and food and beverage sector also expanded, supported by sustained demand during the National Religious Holidays (HBKN) and the school holiday high season in the second quarter of 2026.
BI’s Head of Communications Department, Ramdan Denny Prakoso, explained that utilised production capacity in the second quarter of 2026 was recorded at 73.80 percent, an increase from the 73.33 percent realised in the first quarter of 2026. This improvement was primarily supported by the agriculture, forestry, and fisheries; mining and quarrying; and electricity procurement sectors. He added that the overall financial condition of the business world remained generally favourable in terms of both liquidity and profitability, with access to credit remaining easy.
Looking ahead, the SKDU results show that respondents expect business activity to remain robust in the third quarter of 2026, with an SBT of 11.75 percent. Business performance is forecast to improve, particularly in the manufacturing industry and the wholesale and retail trade and repair of motor vehicles and motorcycles sectors, in line with expectations of sustained public demand. The construction sector is also expected to increase, driven by the continuation of various government and private sector projects. Furthermore, mining and quarrying performance is projected to rise, supported by a decrease in rainfall that will boost mining activity.
Regarding corporate financial conditions, respondents assessed that corporate liquidity remained favourable in the second quarter of 2026. This was reflected in a Net Balance (NB) for liquidity of 15.03 percent, although this was lower than the 17.05 percent recorded in the previous quarter. The percentage of respondents reporting ‘better’ liquidity conditions was 22.78 percent, down from 23.08 percent in the first quarter. Corporate profitability also remained sound, with an NB for rentability of 11.87 percent, compared to 14.87 percent in the prior quarter. The share of respondents reporting ‘better’ profitability fell to 22.34 percent from 24.04 percent. Access to bank credit was also assessed as remaining easy, with an NB for credit access of 2.45 percent, down from 4.84 percent in the first quarter of 2026. The proportion of respondents reporting ‘easier’ access to credit was 7.03 percent, compared to 8.77 percent previously.