KONTAN.CO.ID - JAKARTA. Indonesia posted an August trade surplus of $3.12 billion, roughly double the expected amount, as the drop in imports was larger than forecast, data from the country's statistics bureau showed on Friday. A median forecast of 19 economists surveyed by Reuters had put Southeast Asia's biggest economy down as booking a surplus of $1.55 billion in August, versus $1.31 billion in July. Imports in August dropped 14.77% to $18.88 billion, compared to the 9.33% drop expected by analysts, led by declines in the purchase of raw materials and capital goods.
Indonesia August Trade Surplus at $3.12 Billion, Bigger than Expected
KONTAN.CO.ID - JAKARTA. Indonesia posted an August trade surplus of $3.12 billion, roughly double the expected amount, as the drop in imports was larger than forecast, data from the country's statistics bureau showed on Friday. A median forecast of 19 economists surveyed by Reuters had put Southeast Asia's biggest economy down as booking a surplus of $1.55 billion in August, versus $1.31 billion in July. Imports in August dropped 14.77% to $18.88 billion, compared to the 9.33% drop expected by analysts, led by declines in the purchase of raw materials and capital goods.
