Indonesia to post smaller trade deficit in December - Reuters poll
|Another survey of economists conducted by Reuters showed on Monday, Indonesia is likely to report a small trade deficit in December when compared to a huge deficit posted in November.
Key Findings:
“The median forecast from 12 economists in the poll was for a trade deficit of about $470 million in December, following a revised $1.39 billion deficit in November.
The poll forecast exports to have shrunk 3.03% on-year in the month, moderated from November’s 6.09% drop.
Meanwhile, December imports were seen falling 6.30% annually, slower than the 9.24% drop posted a month earlier.
In the first 11 months of 2019, Southeast Asia’s largest economy recorded a trade gap of $3.17 billion.”
The Indonesian Trade Balance report is due to be reported this Wednesday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.