Positive data boosts Indonesia prospects | Bangkok Post: business

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Upbeat data lifts Indonesia prospects

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JAKARTA - Indonesia said Tuesday its trade balance swung back to surplus in May and reported a flurry of other positive data, a boost for Southeast Asia's top economy after a recent slowdown. 

The surplus was slightly higher than expected at US$70 million, according to the statistics agency, after a deficit of almost $2 billion in April as exports were hit by a controversial mineral ore export ban.

Inflation slowed further to 6.7% year-on-year in June after spiking last year following a rise in fuel prices, the agency said, and a manufacturing activity survey hit a new record high.

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