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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Indonesia seen posting a smaller trade deficit in February

Thursday, March 15, 2018 > 11:51:23
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Nasdaq

Indonesia likely had a trade deficit for the third consecutive month in February as imports surged, a Reuters poll showed on Tuesday.

The median forecast from 16 economists in the poll was for a deficit of $130 million in February. There was a $670 million deficit for January.

Indonesia's central bank has said it expected that there was a trade deficit of $230 million in February.

Import growth was seen at 25.70 percent, a bit slower than the 26.44 percent rise in January.

"Low base, combined with higher commodity prices and strong investment demand, should keep trade growth elevated, amid a small trade deficit," Barclays economists wrote in a note to clients.


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