VF Franchise Consulting

Indonesia retail sales surge in June

Aug 12, 2015

Malioboro, Main Street In Yogjakarta

Indonesia’s retailers appear to be among Asia’s most pessimistic.

One month ago after government data showed a 19.8 per cent rise in May retail sales, the 700 retailers polled to create the index said they expected sales growth would slow in June.

This week, the government has released revised figures showing a 20.6 per cent increase in May – and a massive 22.9 per cent rise in June, only just behind April’s 23.1 per cent.

In this month’s poll, they said they expected sales growth to slow in September as demand returned to normal after the Ramadan festivities.

The Bank of Indonesia said June’s Indonesia retail sales  increase was largely attributable to greater demand for food, beverages and tobacco, in line with increased consumption during the Muslim fasting month of Ramadan.

Source: insideretai.asia

Related News: 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

Local Focus

Smoothie King eyes Asia

Buffalo Wild Wings serious about Asia

Figaro’s Pizza eyes Asia

eGG to be launched in Thailand, Malaysia, Singapore

[ 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.