Indonesia Current-Account Deficit Narrowed to $4.3 Billion in 3rd Quarter

Indonesia's current-account deficit narrowed to $4.3 billion in the third quarter from $4.8 billion in the prior quarter on an improved trade surplus, Bank Indonesia said Friday.

The latest gap also came in smaller than the $5.1 billion deficit recorded a year ago.

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"Meanwhile, the surplus in the capital and financial account increased significantly in line with the improving confidence on the economic prospects," the central bank said.

As a result, the balance of payments recorded a $5.4 billion surplus in the third quarter, compared with $700 million in the second, it said.

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November 10, 2017 05:31 ET (10:31 GMT)