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Bloomberg
Indonesia posted a surprise trade deficit in September as the US-China trade war and a global slowdown continued to weigh on exports in Southeast Asia’s biggest economy.
Exports contracted for an 11th consecutive month, falling 5.7% from a year ago but not as much as the decline of 6.5% forecast in a Bloomberg survey of economists. That resulted in a trade deficit of $160.5 million, versus a surplus of $124 million estimated in the survey.
Imports also declined, falling 2.4% to $14.3 billion compared to a year earlier. The median estimate was for a 5.5% drop.