Indonesia August trade surplus seen at $630 million, inflation at 3.30%

  • Economists forecast Indonesia’s August trade surplus at about $630 million.
  • 4.30% export growth was forecast, versus 31.14% import growth.
  • July’s $130 million surplus followed deficits in the previous two months.

Indonesia’s trade surplus was forecast to widen to about $630 million in August, while September headline inflation was expected to increase to 3.30% from 3.19%. A Reuters poll conducted from Sept. 25 to Sept. 29 found economists saw export growth slowing to 4.30% from 6.05% in July, while import growth accelerated to 31.14% from 27.02%. The July surplus was about $130 million, following deficits in May and June and ending a roughly six-year run of monthly surpluses. September inflation was projected to remain within the central bank’s 1.5%–3.5% target range, while core inflation (underlying price growth excluding volatile items) was forecast at 2.91%, little changed from 2.92% in August.

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