Indonesia retail sales down 14.6 percent in March
In this article (4)
Retail sales in Indonesia fell at a slower pace of 14.6per cent on annual basis in March, compared with an 18.1per cent fall in February, a central bank survey showed on Tuesday.
Stronger fuel sales were supportive, although sales of clothes and recreational amenities continued to show drops during the month, the survey showed.
Bank Indonesia, which had forecast a 17.1per cent drop in sales in March, is predicting a 9.8per cent increase in April.
Questions & Answers
Q.What was the retail sales decline in March compared to the previous month?
What was the retail sales decline in March compared to the previous month?
Retail sales in March fell by 14.6 per cent annually, which was a slower pace than the 18.1 per cent drop recorded in February. This indicates a slight improvement in the rate of decline.
Q.Which retail categories continued to perform poorly during March?
Which retail categories continued to perform poorly during March?
Sales of clothes and recreational amenities continued to show drops during March, despite an overall slower decline in retail sales. This suggests these sectors are still struggling within the market.
Q.What is Bank Indonesia's forecast for retail sales in April?
What is Bank Indonesia's forecast for retail sales in April?
Bank Indonesia is predicting a 9.8 per cent increase in retail sales for April. This forecast indicates a significant expected rebound, following the declines observed in previous months.
Reader pulse
Is Indonesia's retail sector recovering?
21,272 votes so far