Financial News: Indonesia Trade Surplus Shrinks In August

Indonesia Trade Surplus Shrinks In August

09/17/2024 - 04:08:00 (RTTNews)

(RTTNews) - Indonesia's foreign trade surplus decreased in August from a year ago as imports grew faster than exports, figures from Statistics Indonesia showed on Tuesday.

The trade surplus dropped to $2.90 billion in August from $3.12 billion in the same month last year. In July, the surplus was $0.5 billion.

Exports climbed 7.13 percent year-over-year in August versus an expected rise of 3.83 percent.

Data showed that imports grew by 9.46 percent from last year, faster than the 8.15 percent expected by economists.

On a monthly basis, exports showed growth of 5.97 percent, while imports fell by 4.93 percent.

Of the ten commodities with the largest non-oil and gas export values in August 2024, most commodities experienced an increase, the agency said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Index Unexpectedly Decreases In October (07 hr(s), 14 min(s), 21 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed an unexpected deterio ...Full Story»

U.S. Producer Prices Unexpectedly Flat In September, Annual Growth Slows Modestly (07 hr(s), 38 min(s), 21 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

U.S. Producer Prices Unexpectedly Unchanged In September (09 hr(s), 23 min(s), 21 sec(s) ago)
(RTTNews) - With a decrease in prices for goods offsetting an increase in prices for services, the ...Full Story»

India Industrial Output Shrinks 0.1% In August (09 hr(s), 26 min(s), 21 sec(s) ago)
(RTTNews) - India's industrial production declined slightly in August, largely led by weaker m ...Full Story»

Turkey Retail Sales Growth Strongest In 5 Months (12 hr(s), 20 min(s), 21 sec(s) ago)
(RTTNews) - Turkey's retail sales increased at the quickest pace in five months in August, the ...Full Story»

Romania Inflation Eases To 4.6%, Lowest In Over 3 Years (13 hr(s), 14 min(s), 21 sec(s) ago)
(RTTNews) - Romania's consumer price inflation moderated further in September to the lowest le ...Full Story»

UK Economy Returns To Growth (13 hr(s), 35 min(s), 21 sec(s) ago)
(RTTNews) - The UK economy returned to growth in August but the pace of expansion was weaker than ...Full Story»

Swiss Consumers Less Pessimistic In September (13 hr(s), 57 min(s), 21 sec(s) ago)
(RTTNews) - Confidence among Swiss consumers remained less negative in August, survey results from ...Full Story»