Indonesia export growth falls short by half in December

 

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Growth in outbound shipments from Indonesia rose at roughly half the expected rate in December, helping to push the country back into a trade deficit for the second time in 2017. The dollar value of Indonesia’s exports rose 6.9 per cent year on year in December, according to Statistics Indonesia, coming in at about half the median forecast of 12.7 per cent from economists polled by Reuters and reflecting a marked drop from November’s growth rate of 13.2 per cent. Imports meanwhile rose 17.8 per cent year on year, ahead of an expected 17 per cent rise and helping to push Indonesia back into a trade deficit of $270m after four months of surplus. The country last had a trade deficit of the same amount in July.

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