Indonesian retail sales growth speeds up
By Mei Ling Tan
1 min read
Indonesian retail sales surged 9.1 per cent in February – a rate higher than anticipated.
The growth rate appeared to be driven by shoppers splurging on Lunar New Year celebrations as well as an increase in apparel sales during the month.
February’s rise followed a 7.2 per cent improvement in January and government statisticians have predicted a rise of 8 per cent for March.