Indonesian retail sales fell in December
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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.
Questions & Answers
Q.Which institution conducted the survey mentioned in the article?
Which institution conducted the survey mentioned in the article?
The survey indicating the downturn in Indonesian retail sales was conducted by Bank Indonesia. This survey also predicted continued weakness into January for the sector.
Q.By what percentage did Indonesian retail sales decline in December compared to the previous year?
By what percentage did Indonesian retail sales decline in December compared to the previous year?
Indonesian retail sales experienced a 0.5 percent fall in December when compared to the same period in the previous year. This downturn occurred despite the ongoing festive season.
Q.What specific retail sectors are expected to see a significant drop in January?
What specific retail sectors are expected to see a significant drop in January?
Key retail sectors, including fashion and food & beverage, are anticipated to drop by 3.1 percent on an annual basis in January. The overall retail sales are also expected to remain weak.
Q.Did Indonesian retail sales show any growth in the months leading up to December?
Did Indonesian retail sales show any growth in the months leading up to December?
Yes, Indonesian retail sales had shown growth in the months prior to December. In November, sales rose by 1.3 percent, marking the fifth consecutive month of growth before the December downturn.
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