JAKARTA Aug 13 Indonesia's current account
deficit in the second quarter was larger than expected at 4.27
percent of gross domestic product or $9.1 billion, central bank
governor Agus Martowardojo said on Thursday.
The median of a Reuters poll was for the April-June deficit
of about 4.0 percent of GDP, which was about what Bank Indonesia
(BI) earlier indicated it would be.
The central bank said the second quarter gap was widened by
high imports of consumer goods due to demand ahead of holidays
at the end of the Muslim fasting month.
BI said the deficit would be smaller in July-September due
to higher mineral exports and a slowing of imports.
In the first quarter, the deficit was 2.06 percent. The
second-quarter deficit is traditionally higher than in other
periods due to outflows for company dividends and coupon
payments on government and private debt.
Southeast Asia's largest economy has been struggling to keep
down its current account deficit, which ballooned to 4.4 percent
in the second quarter of 2013. That put pressure on the rupiah
and helped spur the central bank to raise interest
BI has said its expects the deficit to be smaller in the
third and fourth quarter, and to be around 3 percent of GDP for
full-year 2014, compared with last year's 3.3 percent.
Details on April-June balance of payments data will be
released by Friday.
(Reporting by Adriana Nina Kusuma and Nilufar Rizki; Writing by
Gayatri Suroyo; Editing by Richard Borsuk)