Indonesia’s retail sales growth highest since 2016-central bank

11-Jun-2021 Intellasia | Reuters | 5:02 AM Print This Post

Retail sales in Indonesia expanded for the first time in 17 months in April, rising 15.6 percent on an annual basis and compared with a 14.6 percent fall a month earlier, a central bank survey showed on Thursday.

The pace of the increase was the highest since 2016 on a low base effect as sales were hit in April 2020 due to coronavirus restrictions.

Bank Indonesia said rising purchases during the Muslim fasting month also boosted the numbers. BI predicts a 12.9 percent rise in retail sales in May.


Category: Indonesia

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