Indonesia: Retail sales growth picks up in October
December 13, 2017
In October, retail sales increased 2.2% over the same month last year, which was above September’s 1.8% rise. Higher growth in sales of food, beverages and tobacco chiefly drove the acceleration.
The trend continued to point downwards in October and annual average growth came in at a multi-year low of 4.3% (September: 4.8%). According to the survey, retailers expect sales to accelerate further in November and grow 2.9%.