70627
Indonesia’s First Trade Deficit in 19 Months
Indonesia’s First Trade Deficit in 19 Months

Indonesia’s First Trade Deficit in 19 Months

Indonesia’s First Trade Deficit in 19 Months

Indonesia posted its first trade deficit since late 2015 in July, as imports surged more than exports did, the statistics bureau said, CNBC reported. Southeast Asia’s largest economy had a trade deficit of $271.2 million in July. A Reuters poll had forecast a $1.1 billion surplus. June’s trade surplus was revised on Tuesday to $1.67 billion. During July, both exports and imports increased sharply on an annual basis, because of a low base from July 2016, when the Eid al-Fitr holidays at the end of the Muslim fasting month fell. This year, the holidays were in June. In July this year, exports rose 41.12% on a yearly basis to $13.62 billion, compared with the median forecast in a Reuters poll of 31.12%. June’s exports declined 11.71% from a year earlier. July imports jumped 54.02% from last year to $13.89 billion. The poll had expected an increase of 30.34%. Imports declined 17.40% in June.

 

Short URL : https://goo.gl/Uc7Tn6
  1. https://goo.gl/fCTHNz
  • https://goo.gl/TECL7c
  • https://goo.gl/wLnf6r
  • https://goo.gl/Af7Kst
  • https://goo.gl/gMNJz4

You can also read ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus