Thursday, March 16, 2017

Exports And Imports Moderate In February

Economic Research
16 March 2017

Economic Update

Exports moderated to 11.2% YoY in Feb 2017, led by a slowdown in non-oil and gas exports. Moving forward, we envisage exports of goods and services to return to a growth of 6.8% YoY in 2017, from   -3.9% in 2016 on:
1. A low base effect;
2. More stable to modest pick-up in primary commodity prices;
3. Gradual improvement in world merchandise trade volume.

Economist:  Rizki Fajar| +6221 2970 7065

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