Indonesia Ups Trade Surplus

Indonesia’s statistics bureau revised its figures for May exports and imports on Monday, resulting in a bigger trade surplus than it reported a month ago, Reuters reported. The bureau said the country’s trade surplus in May was around $580 million instead of the $474 million initial estimate it gave a month ago. May exports figures were revised up to $14.35 billion from an initial report of $14.29 billion. Imports were revised down to $13.77 billion from $13.82 billion. In June, Southeast Asia’s largest economy posted a $1.63 billion trade surplus, the bureau said earlier on Monday.