Wednesday, August 16, 2017

FW: RHB | Indonesia | Exports And Imports Rebounded in July After Festivities

 

 

 

Economic Research

16 August 2017

Indonesia

 

Economic Update

 

 

 

Exports And Imports Rebounded in July After Festivities

 

Exports rebounded to a growth of 41.1% YoY in July, after declining by 11.7% in June. We believe it was affected by the normalisation of the working period after the long break due to the Lebaran festivities. Moving forward, we envisage the export of goods and services to return to a growth of 10% in 2017, vis-à-vis the -3.5% recorded in 2016. This is on the back of a low base effect, a pick-up in primary commodity prices and an improvement in global demand.

 

 

Economist:  Rizki Fajar| +6221 2970 7065

 

 

To access our recent reports please click on the links below:

14 Aug: CAD Continues To Widen In 2Q17, BOP Surplus Declines

08 Aug: Economic Growth Sustained In 2Q17

02 Aug: July Inflation Eases Off After Aidil Fitri Festivities

01 Aug: June M2 Growth Picks Up, Loan Growth Moderates

21 July: BI Continues To Hold Key Policy Rate In July

18 July: Exports And Imports Decline In June Due To Festivity

 

Economics Team

 

 

 

 

Peck Boon Soon

Chief ASEAN Economist

bspeck@rhbgroup.com

+603 9280 2163

Vincent Loo Yeong Hong

Malaysia, Vietnam

vincent.loo@rhgroup.com

+603 9280 2172

Ng Kee Chou

Singapore, Thailand

ng.kee.chou@rhbgroup.com

+603 9280 2179

Rizki Fajar

Indonesia, Philippines

rizki.fajar@rhbgroup.com

+6221 2970 7065

Aris Nazman Maslan

Malaysia, Vietnam

mohd.aris.nazman@rhbgroup.com

+603 9280 2184

 

 

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