If a trade deal to lift up previous tariff sanction is reached, it may give a boost to US and China economic.
Initially, we expect that airlines baggage fee will push transportation inflation higher in January.
Industry wise, the main source of growth came from services sector especially trade and communication.
Bank Indonesia (BI) is expected to release 4Q18 balance of payment data (BoP), including the current account deficit (CAD) data, on Feb 8.
President Trump has promised to raise the tariff rate on USD 200 bn in Chinese imports to 25% from 10%.
Lower oil price started to take oil and gas import down as December figure denoted negative growth.
With national elections around the corner, Jokowi seems to be backtracking on his reform agenda with a string of populist measures. Jokowi plans to keep electricity tariffs and fuel prices unchanged over the next two years by hiking energy subsidies in draft state budget 2019.