The latest Reuters poll of 11 economists showed that a majority of them expect Indonesia to report its biggest trade surplus in a year in June. However, both exports and imports are seen trending lower, underscoring weaker overseas trade.
“The median forecast from 11 economists in the poll was for a $690 million trade surplus last month, compared with a $218.5 million revised surplus in May.
The surplus in May was a surprise, as markets had expected a $1.4 billion deficit.
analysts expected June exports to have dropped 8.7% on year, against an 8.5% contraction in May.
On the other hand, June imports were also seen falling by 5.0% annually, compared with the 17.3% drop a month earlier.”
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.