FW: RHB | Indonesia | October Exports And Imports Accelerated

 

 

Economic Research			16 November 2017
Indonesia
Economic Update
October Exports And Imports Accelerated     Exports picked up to a growth of 18.4% YoY in October, following an increase of 15.7% in September. This was led by strengthening non-oil & gas exports. Moving forward, we envisage the export of goods and services to return to a growth of 18% in 2017, after 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. For 2018, we expect exports to grow by 10%, moderating from this year’s level due to a high base effect.       Economist:  Rizki Fajar| +6221 2970 7065
To access our recent reports please click on the links below: 13 Nov: CAD Narrows In 3Q17, BOP Surplus Surges 07 Nov: Growth Inches Higher In 3Q17 As Government Spending Rebounds 02 Nov: October Inflation Eases 01 Nov: September Loan And M2 Growth Pick Up 27 Oct: 2018 State Budget: Encouraging Investment And Infrastructure For Growth And Equality 20 Oct: BI Pauses In October After Easing August-September
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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