Bank Indonesia Business Activity Survey Q3 2026: SBT 11.46%, Construction 0.92%
The Bank Indonesia business activity survey Q3 2026 (SKDU, press release of 19 October 2026) recorded a Weighted Net Balance (SBT) of business activity of 11.46%, down from 12.97% in Q2 2026. The construction sector recorded an SBT of 0.92% and real estate 0.34% per ANTARA and Kompas; capacity utilisation was 73.75%, and respondents forecast a Q4 2026 SBT of 10.77%. For building material shops and contractors this is a sentiment signal, not data on cement sales or material prices. The figures below are quoted as of 23 October 2026 from BI, ANTARA and Kompas, with data gaps.
Bank Indonesia business activity survey Q3 2026: SBT 11.46%, construction 0.92% and what it means for building materials
| Indicator | Q3 2026 | Comparison | Source | Source |
|---|---|---|---|---|
| SBT of business activity, all sectors | 11,46% | Q2 2026: 12.97% (down 1.51 points); Q4 2026 forecast: 10.77% | BI; ANTARA; Kompas | Bank Indonesia |
| Construction sector | 0,92% | Drivers per BI via Kompas: business activity, projects including national strategic projects, power-grid strengthening, government budget realisation | ANTARA; Kompas | ANTARA |
| Real estate sector | 0,34% | Among the sectors forecast to rise in Q4 2026 | ANTARA; BI | ANTARA |
| Manufacturing sector | 1,53% | Highest SBT among the sectors named; capacity utilisation also rose | ANTARA | ANTARA |
| Electricity and gas supply sector | 0,69% | Capacity utilisation rose | ANTARA; Kompas | ANTARA |
| Public administration, defence and compulsory social security | 1,09% | Named by BI as a rising sector | ANTARA; Kompas | ANTARA |
| Capacity utilisation | 73,75% | Remained healthy; rose mainly in manufacturing, electricity and gas, and water and waste management | BI; ANTARA | Bank Indonesia |
| Business finances | Liquidity and profitability improved; credit access remained easy | No quantitative figure in the release | BI; Kompas | Bank Indonesia |
| Q4 2026 forecast | 10,77% | Rising sectors include transport and warehousing, information and communication, real estate, business services, trade; linked to Christmas and year-end holidays | BI; ANTARA | Bank Indonesia |
Sources: BI press release No.28/230/DKom and the SKDU Q3 2026 report page (BI), ANTARA and Kompas, read on 23 October 2026. The sector SBT figures are quoted from ANTARA and Kompas; we did not read the full table of the SKDU report, so there is no breakdown for building-material subsectors, selling prices or orders. The Q4 forecast for construction is not named in the release list of rising sectors. SKDU is a perception survey of respondents, not data on cement sales, project volume or material prices; sector SBT cannot be compared directly with the overall SBT. The drivers for construction (national strategic projects, power grid, budget) come from a BI statement quoted by Kompas. September 2026 building material import data, the wholesale price index and the Q3 property price survey had not been released as of this date. The interpretation for building material shops is homeX analysis, not data.
What the Q3 2026 survey means for building material shops and contractors (homeX analysis)
homeX analysis, not data. Construction stayed positive (SBT 0.92%) even as the overall SBT slowed, so contractor sentiment has not weakened sharply. The lower Q4 forecast (10.77%) and real estate being named among rising sectors should be read together with construction credit (related article) and investment realisation, not as a certainty of demand for cement or steel. For stock decisions, wait for more concrete cement sales data and price indices, and check shop prices monthly.
Buyer tips
- Read the survey as a sentiment signal, not as price or sales volume.
- Compare with construction credit, PMI and investment data before adding stock.
- Record your shop prices for cement, steel and tiles every month.
- Wait for the wholesale price index and September import data for a view of material prices.
Request a Bank Indonesia business activity survey Q3 2026 quote for your project
homeX can compare several brands at once and prepare a written quote for projects, renovations or shop stock. Send your needs (brand, size, quantity, location) via WhatsApp +62 821 1818 998, or visit the homeX showroom: Priskilla Tower, 6th floor, Jl. Atang Sanjaya No.21, Benda, Kota Tangerang, Banten 15125. Visit the homeX Showroom.
Disclaimer: prices change without notice and differ by store, city, pack size, grade and promotion. Data as of 23 October 2026; always confirm with the seller before buying.
FAQ
What was the SKDU SBT in Q3 2026? 11.46%, down from 12.97% in Q2 2026; the Q4 2026 forecast is 10.77% (BI, released 19 October 2026).
What was the SBT of the construction sector? 0.92% in Q3 2026 per ANTARA and Kompas; real estate 0.34%. A building materials breakdown is not available in the sources we read.
Does the survey show building material prices rising? No. The survey measures perceptions of business activity, not material prices; for prices use the wholesale price index, cement sales data and shop prices.
Bank Indonesia business activity survey Q3 2026: related articles and products
Related articles:
- Construction Sector Growth 2026 6.68% and Inflation 3.28%: Building Materials
- Construction Credit August 2026 +49.5%: What It Means for Building Materials
- Investment Realisation Q3 2026 Rp528.7 T: What It Means for Building Materials
- PMI-BI Q3 2026 at 52.28%: Non-Metallic Minerals Highest
- Bank Indonesia Banking Survey Q3 2026: Q4 New Lending Up, Reserve Ratio 7%
Related products at homeX:
Price sources (checked 23 October 2026): Bank Indonesia — BI press release: business activity Q3 2026 (SKDU); ANTARA — BI survey says business performance in Q3 2026 stayed healthy; Kompas — Business activity slows, BI names sectors still growing; Bank Indonesia — SKDU Report Q3 2026.