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Indonesia's exports fall for 5th straight month

Published on Oct 1, 2012 1:01 PM

JAKARTA (REUTERS) - Indonesia's exports slumped more than expected in August while annual inflation eased in September, leading economists to expect the central bank to have room to keep benchmark interest rates at a record low all year.

Exports in August fell 24.3 per cent from a year earlier, a fifth straight month of decline, while imports unexpectedly slowed to fall 8.02 per cent from a year ago, leading to a trade surplus of $250 million, the statistics bureau said on Monday.

Indonesia's inflation in September eased to 4.31 per cent from a year earlier, lower t han expected and versus 4.58 per cent in August, the statistics bureau said.