Indonesia retail sales drop 14.6pct y/y in March, better than forecast-central bank

12-May-2021 Intellasia | BangkokPost | 5:02 AM Print This Post

Retail sales in Indonesia fell at a slower pace of 14.6 percent on annual basis in March, compared with an 18.1 percent fall in February, a central bank survey showed on Tuesday.

Stronger fuel sales were supportive, although sales of clothes and recreational amenities continued to show drops during the month, the survey showed.

Bank Indonesia, which had forecast a 17.1 percent drop in sales in March, is predicting a 9.8 percent increase in April.

https://www.reuters.com/article/indonesia-economy-retail-idUSP8N2MS00L

 

Category: Indonesia

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