Indonesian retail sales fell in December

Indonesian retail sales have witnessed a downturn despite the festive season.

According to a survey conducted by Bank Indonesia, the retail sales fell 0.5 percent in December compared to year on year.

The survey predicted January retail sales will stay weak. Key retail sectors, including fashion and food & beverage, will drop 3.1 percent on an annual basis.

Indonesian retail sales in November rose by 1.3 percent, marking the fifth consecutive month of growth.