In July, exports contracted 7.3% over the same month last year, which followed the 16.0% decline observed in June (previously reported: -16.4% year-on-year) but was smaller than the 9.7% decrease expected by the market. Non-oil and gas exports, which account for the majority of Indonesian shipments, fell 3.2% in July (June: -15.2% yoy). Meanwhile, oil and gas exports fell 21.7% in July, marking its fastest pace of decline in almost three years. Imports, on the other hand, increased a modest 0.7% in July, which was below both the 11.0% rise recorded in June and market expectations of a 6.5% increase. As a result, the trade balance registered a shortfall of USD 176 million, contrasting both the USD 1.2 billion surplus registered in the same month last year and market expectations of a USD 1.5 billion surplus.
Indonesia Trade Balance
Exports contract for the fourth straight month in July
September 3, 2012
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Indonesia Economic News
October 17, 2016
Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
October 12, 2016
Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.4 in August to 50.9 in September, according to a release provided by Nikkei and IHS Markit.
September 22, 2016
At its 21–22 September monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.25% to 5.00%.