Indonesia Trade surplus likely increased in February

Indonesia's National Statistics Agency (BPS) will release February trade data onMonday, 16 March. 

Standard Chartered notes the forecasts as follows:

• The trade surplus to have increased to USD 0.9bn from USD 0.7bn in January. 
  
  
• We forecast that exports fell 8.4% y/y and imports fell 9.1% y/y during the month. 
  
  
• We expect m/m export growth to have been driven by non-oil and gas exports, partly owing to a weaker Indonesian rupiah (IDR) and increasing global demand.