Asian Economic News

Indonesia's Exports Fall Less Than Forecast

Indonesia's exports declined less than expected in February, data from the Central Statistics Agency revealed Tuesday.

Exports decreased 7.18 percent year-on-year in February, smaller than an expected 14.9 percent fall.

Imports logged a double-digit decline of 11.71 percent in February, which was slightly bigger than an expected decrease of 11.46 percent.

Consequently, the trade surplus increased to $1.14 billion compared to a $92 million surplus forecast by economists.

On a monthly basis, exports climbed 7.8 percent, while imports dropped 2.91 percent.

by RTTNews Staff Writer

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