Indonesian retail sales fell 16.3 per cent in November
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Retail sales in Indonesia dropped 16.3% year-on-year in November following a 14.9% fall a month earlier, a central bank survey showed on Tuesday.
Sales of telecommunication types of equipment and other household goods contracted in November, the survey showed.
The survey also forecasts an even deeper contraction of 20.7% in December.
Questions & Answers
Q.Which specific categories of goods saw a decline in sales during November?
Which specific categories of goods saw a decline in sales during November?
The survey indicated that sales of telecommunication equipment and other household goods contracted in November. These particular categories contributed to the overall drop in retail performance.
Q.What was the retail sales performance in the month immediately preceding November?
What was the retail sales performance in the month immediately preceding November?
Retail sales in Indonesia experienced a 14.9% fall in the month prior to November. This indicates a continuing trend of contraction in the sector.
Q.What is the projected outlook for Indonesian retail sales in December?
What is the projected outlook for Indonesian retail sales in December?
The central bank's survey forecasts a more significant contraction of 20.7% for retail sales in December. This suggests an expected deepening of the decline seen in previous months.