Indonesia: Retail sales growth rises in July
Latest reading: According to preliminary data, retail sales grew 4.8% year on year in July (June: +1.3% yoy). Sales of food, beverages and tobacco plus motor vehicles, parts and accessories gathered steam. Meanwhile, cultural and recreation goods sales lost pace, while information and communication equipment sales decreased at a softer pace than in June.
In turn, annual average growth of retail sales was unchanged coming in at June’s 2.5% in July.