Halister News

(Bloomberg) -- Stronger exports of manufactured goods to widen trade surplus to $1.1b in Feb., central bank says, reported by Investor Daily.

• If realized, it will be higher than even the most optimistic of forecasts in Bloomberg survey, which shows trade surplus widening to $92m from $51m in Jan.
  • Estimates ranging from -$176m to +563m; data due tomorrow, no time specified
• Related data may show decline in exports slowed to -14.90% y/y from -20.72% in Jan., while imports seen falling at a slower pace of -11.46%
• Indonesia posted first trade surplus in three months in Jan., data released on Feb. 15 showed; USD/IDR fell 0.8% to close at 13,383 on that day; FX pair now at 13,027
• Related story: Indonesia plans stricter rule on lumber product exports to pave way for easier process for such exports to EU, Kontan reports