Here's the main drag to Indonesia's economic growth

Private consumption to offset impact.

According to DBS, private consumption has been a key GDP growth pillar. On average, it has contributed about half of GDP growth since 2009.

Despite the recent turbulence in the financial markets, private consumption growth has remained strong. A spike in inflation and the sharp depreciation of the Rupiah may have affected domestic demand but this has been more prevalent in investment rather than in consumption.

Here's more from DBS:

Last week’s auto sales data suggest that underlying support from consumption growth prevails. Motor vehicle sales growth remains solid and another doubledigit growth is in the offing for 2013. Motorcycle sales have bounced up nicely from 2012, when the authorities introduced tighter financing rules to curb loan delinquencies.

Expect private consumption growth to remain supportive of overall GDP growth. It is likely to have remained at around 5% YoY in 2H, still supportive of our current 2013 GDP growth forecast of 5.8% YoY.

The drag to GDP growth has stemmed from falling commodity export earnings and a sharper than expected moderation in domestic investment. But Indonesia’s favourable demographics remain intact and this will remain a fundamental driver of GDP growth in the medium-term.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia