Indonesia economy lacks momentum

  • Business Premium
  • Friday, 15 May 2015

JAKARTA: Indonesia posted a trade surplus for the fifth straight month in April, but that stemmed from imports tumbling more quickly from a year earlier than exports did, showing that the economy remained sluggish at the start of the second quarter.

Imports plunged 22.31% in April, sliding for a seventh straight month. The biggest fall was for refined oil products, down 43.6% from a year earlier.

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