Plus   Neg

Indonesia's Exports Surge More Than Forecast

Indonesia's exports grew at a faster-than-expected pace in May, data published by the Central Statistical Agency showed Thursday.

Exports surged 24.08 percent year-over-year in May, well above the 15.65 percent spike economists had expected.

Similarly, imports climbed 24.03 percent in May from a year ago, much faster than the expected growth of 9.9 percent.

On a monthly basis, both exports and imports rose by 7.62 percent and 15.67 percent, respectively in May.

The trade surplus fell notably to $0.47 billion in May from $1.24 billion in April. The expected surplus for the month was $1.1 billion.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT