KONTAN.CO.ID - JAKARTA. Indonesia's trade balance is expected to stay in the red in August although the size of the deficit may have narrowed, a Reuters poll showed on Friday. The median forecast of 10 analysts in the poll was for a deficit of $680 million in August, shrinking from the revised $2.01 billion deficit in July. July's trade gap was the largest in five years and the import bill for the month was an all-time high. The July trade data, which came in the middle of last month, exacerbated the sell-off in Indonesian assets at a time when investors were already jittery about emerging markets due to a plunge in Turkish lira.
POLL-Indonesia's trade deficit seen shrinking, though imports still high
KONTAN.CO.ID - JAKARTA. Indonesia's trade balance is expected to stay in the red in August although the size of the deficit may have narrowed, a Reuters poll showed on Friday. The median forecast of 10 analysts in the poll was for a deficit of $680 million in August, shrinking from the revised $2.01 billion deficit in July. July's trade gap was the largest in five years and the import bill for the month was an all-time high. The July trade data, which came in the middle of last month, exacerbated the sell-off in Indonesian assets at a time when investors were already jittery about emerging markets due to a plunge in Turkish lira.
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