Indonesia: Retail sales growth slides in December
In December, retail sales increased 0.7% over the same month of the previous year, which was notably below November’s 2.5% rise and marked a five-month low. Sales of household equipment, information and communication equipment, and motor vehicles, parts and accessories all fell in December, weighing on overall growth.
The trend continued to point downwards in December and annual average growth came in at a multi-year low of 2.9% (November: 3.7%). According to the survey, retailers expect sales to rebound in January and grow a faster 1.4%.