July 15, 2020 / 4:58 AM / 25 days ago

Indonesia's June trade data beat f'casts, exports grow for first time in 4 months

JAKARTA, July 15 (Reuters) - Indonesia’s June exports and imports beat forecasts, signalling improving demand after many countries eased coronavirus-induced restrictions, data from the statistics bureau showed on Wednesday.

June exports were up 2.28% on a yearly basis to $12.03 billion, the first expansion in four months, propped up by increased shipments of agricultural and manufactured goods. The poll had forecast a 12.26% fall.

Imports fell 6.36% on-year in June to $10.76 billion, compared with the poll’s expectation for a 18.70% drop. Imports of consumer goods surged nearly 40%, although purchases of raw materials remained weak.

Southeast Asia’s largest economy had a $1.27 billion surplus in June, compared with $1.1 billion forecast in a Reuters poll and May’s $2.09 billion surplus.

Reporting by Gayatri Suroyo and Fransiska Nangoy Editing by Shri Navaratnam

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