JAKARTA (Reuters) -Indonesia’s trade surplus is expected to have narrowed month-on-month in June to $3.45 billion as import growth is expected to have accelerated last month, while exports also continued to rise, a Reuters poll showed on Thursday.
In May, the trade surplus was at $4.3 billion.
The largest economy in Southeast Asia has posted a monthly trade surplus since 2020, driven by a commodity boom, but it has been moderating gradually due to weak global demand.
The median forecast of 17 economists, surveyed by Reuters this month, estimated the rise in imports for June at 6.5% versus a 4.14% increase in May.
Exports likely grew at 10.41% year-over-year in June, higher than the 9.68% recorded in May.
On Friday, the statistics bureau will also announce Indonesia’s consumer price index data for July.
(Polling by Pranoy Krishna and Susobhan Sarkar; Writing by Stefanno Sulaiman; Editing by Eileen Soreng)
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