Indonesia May Post Trade Surplus on Stronger Commodity Prices

Jakarta. Indonesia is likely to post a modest trade surplus in February, which could relieve some pressure on the country’s beleaguered currency, while inflation eases on lower food prices.

A Reuters poll of 14 analysts projected a trade surplus of $60 million in February, after a shortfall in exports flipped the trade balance into a deficit of $440 million in January.

Southeast Asia’s largest economy has benefited from the recent recovery in commodity prices such as crude palm oil, coal and processed minerals, as well as stronger manufacturing exports.

Read more at: http://www.thejakartaglobe.com/business/indonesia-may-post-trade-surplus-stronger-commodity-prices/

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