VF Franchise Consulting

Indonesia retail sales growth falters

Sep 11, 2015

Pretty young muslim woman holding shopping bags

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.

Source: insideretail.asia

Related news: 

Beauty Community to open stores in Indonesia

Courts Indonesia plans fast expansion

Indonesia retail sales surge in June

 Matahari has strong half

 Dairy Farm Indonesia reviews struggling Starmart

Popular Vietnam restaurant ratings website to launch in Indonesia

Major obstacles restaurants must face in ASEAN Franchise

[ Go back ]

Franchise Opportunities

Subscribe to VF Franchise Consulting

Never miss an update with the latest franchise news and opportunities.

Clicking SUBSCRIBE means you agree to our Terms and Conditions and that you have read our Privacy Policy.