Indonesia retail sales surge in June

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

Kipinä’s 2024 Expansion: Opening 9 New Schools and Enhancing Education Worldwide

Indonesian Tanamera Coffee Makes its Debut in Malaysia

American Chain Long John Silver’s Makes Debut in Indonesia with First Restaurant Opening