Friday, February 17, 2017

Exports And Imports Pick Up Strongly In Jan 2017

Economic Research
17 February 2017

Economic Update

Exports increased 27.7% YoY in Jan 2017, led by an acceleration in non-oil & gas exports. Moving forward, we envisage exports of goods and services to return to a growth of 6.8% in 2017, from -3.9% in 2016 on:
1. A low base effect;
2. A more stable-to-modest pick-up in primary commodity prices;
3. A gradual improvement in world merchandise trade volume.

Economist:  Rizki Fajar| +6221 2970 7065

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