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INDONESIA: Trade Data Gives BI Reasons to Pause This Week. 

INDONESIA
EM BulletBulletIndonesiaAPACEmerging Market News
  • Indonesia reported its trade data today, just two days prior to the last Central Bank meeting of the year.
  • With market expectations for no change in monetary policy, the strength of the export release seemingly supports that.
  • Exports for November were significantly ahead of expectations at +9.14%, ahead of expectations of +6.30%, but below October’s outsized result of +10.25%. 
  •  November’s Import data collapsed to +0.01% against a market survey of +6.30% and down from +17.49% in October.
  • The October trade results now appear it could have been an anomaly.
  • The upshot is a huge improvement in the trade balance, up to $4.4bn from $2.4bn prior and likely to catch the eye of the income President in the Whitehouse. 
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  • Indonesia reported its trade data today, just two days prior to the last Central Bank meeting of the year.
  • With market expectations for no change in monetary policy, the strength of the export release seemingly supports that.
  • Exports for November were significantly ahead of expectations at +9.14%, ahead of expectations of +6.30%, but below October’s outsized result of +10.25%. 
  •  November’s Import data collapsed to +0.01% against a market survey of +6.30% and down from +17.49% in October.
  • The October trade results now appear it could have been an anomaly.
  • The upshot is a huge improvement in the trade balance, up to $4.4bn from $2.4bn prior and likely to catch the eye of the income President in the Whitehouse.