Business Data
Economic analysis - imports t o pick up over coming quarters
Indonesia recorded a trade surplus of USD4.4bn in H115, following a larger dip in imports relative to exports. The slowdown in import volume growth could be an indicator of sluggish growth in the industrial sector. However, as government-backed infrastructure projects enter the construction phase over the coming quarters, imports should start to pick up, and we expect the trade surplus to narrow. As such, we maintain our forecast for Indonesia's current account deficit to come in at 2.4% of GDP in 2015.