Indonesia to post smaller trade deficit in December
Fundamental Forex Analysis

Indonesia to post smaller trade deficit in December

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.

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