Indonesia's Trade Surplus Seen Widening in June

Indonesia likely had a larger trade surplus in June compared to a month before, with both exports and imports seen growing at a much slower rate, a Reuters poll showed.(Reuters Photo/Darren Whiteside)

By : Nilufar Rizki | on 7:28 PM July 14, 2017
Category : Business, Economy

Jakarta. Indonesia likely had a larger trade surplus in June compared to a month before, with both exports and imports seen growing at a much slower rate, a Reuters poll showed.

The median forecast of 10 analysts in the poll was for a trade surplus of about $820 million in June, as against the $474 million surplus the country had in May.

The deputy governor of Indonesia's central bank, Perry Warjiyo, on Friday (14/07) forecast a larger June trade surplus of $1.4 billion.

June exports were seen growing 7.53 percent from a year ago, slower than the 24.08 percent recorded in May.

Imports were seen up 8.87 percent from a year ago in June. The import growth in May was 24.03 percent.

"The trade numbers are likely to be distorted by the holidays," Gundy Cahyadi said, an economist with DBS in Singapore, referring to Idul Fitr holidays at the end of the fasting month of Ramadan.

Reuters

 

Show More

 
MORE NEWS