YAKARTA, Aug 18 (Reuters) – Indonesia recorded its largest industrial surplus since 2011 in July, more than expected, while exports took a step forward while domestic import demand remained moderate due to the coronavirus outbreak, statistics showed Tuesday.
Southeast Asia’s largest economy recorded a surplus of $3.260 million in July, the largest since August 2011, according to refinitiv Eikon’s knowledge.A Reuters vote predicted a surplus of $680 million by July and a surplus of $1.270 million in June.
July exports were priced at $13.73 billion, 9.90% less year-on-year and compared to the survey forecast for a 16.65% decline in terms of prices, the month’s total shipments were the highest since March, supported by sales of agricultural products and despite declining coal sales.
Imports fell by 32.55% on an annual basis to $10.47 billion, more than the 22.48% decrease expected in the survey (information via Gayatri Suroyo, Tabita Diela and Fransiska Nangoy; edition through Muralikumar Anantharaman).
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