Macroeconomics: Seasonality slows activity

Macroeconomics
Analyst: Chandra Pasaribu

Seasonality slows activity
• Exports slow -8.6% MoM, but gain +4.7% YoY
• Imports dropped faster at -15.2% MoM and -2.7% YoY
• Central bank governors’ meeting scheduled for this week
• Negative sentiment on coal and CPO