Latest news with #statisticsbureau
Reuters
31-07-2025
- Business
- Reuters
Indonesia's trade surplus seen narrowing to $3.45 billion in June: Reuters poll
JAKARTA, July 31 (Reuters) - Indonesia's trade surplus is expected to have narrowed month-on-month in June to $3.45 billion as import growth is expected to have accelerated last month, while exports also continued to rise, a Reuters poll showed on Thursday. In May, the trade surplus was at $4.3 billion. The largest economy in Southeast Asia has posted a monthly trade surplus since 2020, driven by a commodity boom, but it has been moderating gradually due to weak global demand. The median forecast of 17 economists, surveyed by Reuters this month, estimated the rise in imports for June at 6.5% versus a 4.14% increase in May. Exports likely grew at 10.41% year-over-year in June, higher than the 9.68% recorded in May. On Friday, the statistics bureau will also announce Indonesia's consumer price index data for July.
Bloomberg
28-07-2025
- Business
- Bloomberg
Chinese Steel Profits Recover as Beijing Targets Overcapacity
The profitability of Chinese steel mills began to recover last month, with the improvement likely to accelerate in the second half of the year if the government delivers on its pledges to tackle overcapacity. At the half-year mark, accumulated profits from ferrous metal smelting leaped nearly 14-fold, albeit from the tiny base of the same period last year, according to the statistics bureau on Sunday. Margins found support in June as mills cut output, and raw material costs were generally weaker than product prices.
Bloomberg
15-07-2025
- Business
- Bloomberg
China's Oil Refining Output Rebounds to Strongest Since 2023
China refined the most crude oil in nearly two years in June, as plants returned from seasonal maintenance to seize on better margins for fuels like diesel. Refining output rose to more than 15.2 million barrels a day, the strongest pace since September 2023, according to Bloomberg calculations based on figures released by the statistics bureau on Tuesday. Compared to June last year, volumes surged by 8.5%, reversing the declines seen in April and May.
CNA
01-07-2025
- Business
- CNA
Indonesian annual inflation at 1.87% in June, just above expectations
JAKARTA :Indonesia's annual inflation rate was 1.87 per cent in June, the statistics bureau said on Tuesday, just above market expectations. A Reuters poll of analysts had expected an annual inflation rate of 1.80 per cent in June. Bank Indonesia has a target range of 1.5 per cent to 3.5 per cent for inflation. Core inflation data will be released later on Tuesday. The central bank paused its easing cycle at a policy review last month, but said there was still room to cut rates given moderate inflation and the need to support economic activity.
CNA
01-07-2025
- Business
- CNA
Indonesian exports rise 9.7% in May, statistics bureau says
JAKARTA :Indonesia's exports rose 9.68 per cent in May from a year earlier to $24.61 billion supported by increased shipments of vegetable oils and steel, the statistics bureau said on Tuesday. The increase in exports was higher than the median forecast in a Reuters poll of a 0.40 per cent rise. The trade surplus was $4.3 billion in May, increasing from April's figure of around $160 million, which was the smallest monthly surplus in five years. Imports rose 4.14 per cent on a yearly basis to $20.31 billion, stronger than the median forecast of a 0.90 per cent rise in the poll, on increased shipments of capital goods and consumer bureau is due to release May inflation and other economic indicators later on Tuesday.
