Indonesia posted a robust trade surplus in November of US$776.8 million.

Posted on January 2, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

JAKARTA: Indonesia posted a robust trade surplus in November, data showed Thursday, in a sign of recovery in Southeast Asia’s biggest nation that was plunged into economic turmoil in 2013.

Jakarta will welcome the news as it battles a deep current account deficit and poor trade performance, soaring inflation and a slump in the rupiah’s value.

The November trade surplus of US$776.8 million, up from October’s modest US$24.3 million surplus, is the country’s highest since April 2012, and marks a major upswing since a record deficit of US$657.2 million in September.