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Financial News: Indonesia's Export Growth Tops Expectations

Indonesia's Export Growth Tops Expectations

11/15/2017 - 00:45:00 (RTTNews)

(RTTNews) - Indonesia's exports and imports grew more than expected in October, data from statistics bureau revealed Wednesday.

Exports climbed 18.39 percent year-on-year in October, bigger than the 15.4 percent increase economists had forecast.

Likewise, imports logged a double-digit growth of 23.3 percent annually, compared to the expected increase of 15 percent.

On a monthly basis, exports rose 3.62 percent to $15.09 billion and imports surged 11.04 percent to $14.19 billion in October.

Consequently, the trade surplus totaled $900 million in October, which was well below the consensus of $1.6 billion.

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