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Indonesia Retail December 2019

Indonesia: Retail sales contract in December, further fall forecast for January

In December, retail sales decreased 0.5% year-on-year, contrasting November’s 1.3% expansion and broadly in line with the Central Bank’s initial estimate. December’s fall was driven by lower sales in the IT and culture and recreation subsectors. The Bank expects retail sales to have contracted 3.1% in January, potentially linked to the coronavirus outbreak dampening consumption.

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