Indonesia: Retail sales rebound in February
In February, retail sales rose 1.5% over the same month of the previous year, contrasting January’s 1.8% contraction. Growth was broad-based, and clothing sales recorded the strongest increase.
The trend continued to point downwards in February and annual average growth came in at a multi-year low of 2.1% (January: 2.2%). According to the survey, retailers expect sales to grow 1.7% in March.