KONTAN.CO.ID - JAKARTA. Indonesia recorded a surprisingly large trade surplus of $3.46 billion in June, as imports plunged more than expected and exports also remained weak, official data showed on Monday, adding to the case for possible rate cuts before year-end. A Reuters poll of economists had expected a surplus of $1.35 billion last month. The country recorded a surplus of around $440 million in May. However, the resource-rich country's overall trade surplus in the first half of 2023 remained some $5 billion below last year's. Indonesia's January-June trade surplus stood at $19.93 billion, data from the statistics bureau showed.
Indonesia Surprises with Large Trade Surplus; Rate Cuts Eyed Before Year-End
KONTAN.CO.ID - JAKARTA. Indonesia recorded a surprisingly large trade surplus of $3.46 billion in June, as imports plunged more than expected and exports also remained weak, official data showed on Monday, adding to the case for possible rate cuts before year-end. A Reuters poll of economists had expected a surplus of $1.35 billion last month. The country recorded a surplus of around $440 million in May. However, the resource-rich country's overall trade surplus in the first half of 2023 remained some $5 billion below last year's. Indonesia's January-June trade surplus stood at $19.93 billion, data from the statistics bureau showed.