Indonesia seen posting small trade surplus in August: Reuters poll
Reuters
Published Sep 13, 2019 03:14AM ET
JAKARTA (Reuters) - Indonesia likely had a small trade surplus in August as exports and imports sank, with global trade slowing amid the U.S.-China trade war, a Reuters poll showed on Friday.
The median forecast of 10 economists in the poll was for the country to record a $190 million surplus in August, compared with the revised $64 million deficit in July.
Indonesia has seen its exports and imports fall in most months recently. Between January and July, its trade deficit had reached $3.2 billion.
Economists in the poll predicted exports to drop 6% on-year in August, compared with July's 5.1% decline.
August imports were seen plunging 12.9% annually, though not as sharp as July's 15.19% fall.
A small trade surplus could help to slightly ease authorities concerns over current account deficit, which is one factor Bank Indonesia will consider during its policy review next week.
The trade data is due on Monday. Bank Indonesia's two-day policy meeting is scheduled to end on Thursday.
(Polling by Tabita Diela and Nilufar Rizki, Writing by Gayatri Suroyo; editing by Uttaresh.V)
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.