Indonesia Exports Fall Unexpectedly In June


Indonesia’s exports and imports contracted unexpectedly in June from a year ago, data published by the Central Statistical Agency showed Monday.

Exports fell 11.82 percent year-over-year in June, confounding economists’ expectations for an increase of 7.28 percent.

Similarly, imports plunged 17.21 percent annually in June, while it was forecast to rise by 9.25 percent.

On a monthly basis, both exports and imports slumped by 18.82 percent and 27.26 percent, respectively in June.

However, the trade balance showed a surplus of $1.63 billion in June versus $1.11 billion surplus in the same month of 2016.

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