Indonesia’s balance of trade showed a significant decrease, with the actual figure at $4.34 billion compared to the previous $5.49 billion. This represents a decline of $1.15 billion, indicating a lower trade surplus.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The actual trade balance fell short of the analyst estimate of $4.79 billion, suggesting weaker-than-expected trade performance. This shortfall may exert downward pressure on the stock market, particularly affecting export-oriented sectors. The impact is likely to be more sentiment-driven in the short term, as investors adjust their expectations regarding Indonesia’s trade dynamics.