Indonesia retail sales growth falters
Sep 11, 2015
Indonesia retail sales growth has fallen to its lowest level since last December.
Data from the monthly Bank Indonesia survey shows sales grew at a mere 4.8 per cent in July, coming off a stellar 22.3 per cent rise in June.
The bank said sales were dented by slowing demand for food, beverages and tobacco.
July’s growth reflected a sluggish economy, despite the first half of the month falling inside the Muslim fasting month of Ramadan, a traditionally busy period for retailers.
The Bank calculates its figures by polling 700 retailers in 10 Indonesian cities. It said retailers were projecting a larger rise in August sales.