Indonesia's Sept exports, imports beat forecast, trade surplus widens
[JAKARTA] Indonesia's exports and imports fell in September at a slower-than-expected pace, while the trade surplus widened, signalling improving global demand, according to official data on Thursday.
Exports were down just 0.51 per cent on an annual basis to US$14.01 billion, data from the statistics bureau showed, beating a Reuters poll forecast for a fall of 7.20 per cent, on support from shipments of farm products.
Imports fell 18.88 per cent to US$11.57 billion, less than a tumble of 22.40 per cent expected by the poll.
September's trade surplus was US$2.44 billion, up from US$1.98 billion expected in the poll and the August figure of US$2.33 billion.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal