Indonesia's trade deficit to widen in January - Reuters poll

Dhwani Mehta FXStreet

Another survey of analysts conducted by Reuters showed on Friday, Indonesia is likely to report a bigger trade deficit in January, as both exports and imports are likely to weaken starting out a new year.

Key Findings:

“The median forecast of 12 analysts in the poll was for a $270 million deficit in January, compared with December’s revised $61.7 million deficit.

Exports were seen up by 1.19% on-year in the month, which would be a second straight month that exports expand.

January’s imports likely fell 5.66% on-year, which would be a seventh straight month of contraction, compared with December’s drop of 5.59%.”

USD/IDR: Firm above 13,700 amid mixed catalysts from home and abroad

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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