Monthly Market Summary October 2025

Indonesia’s economic growth in Q3 2025 reached 5.04%, slightly above consensus, supported by government spending and net exports. October inflation rose to 2.9% yet remained within the target range.

In the bond market, both Rupiah- and USD-denominated government bonds continued to post positive performance amid declining yields. The ongoing global and domestic rate-cut cycle remains a key catalyst.

In the equity market, although FY25 earnings estimates have been revised slightly lower, the third quarter showed signs of stabilization, with 69% of listed companies reporting results in line with or above expectations. More pro-growth policies are expected to support earnings recovery in 2026.

Watch the full summary in the video above.