June Indonesian retail sales down again
By Mei Ling Tan
1 min read
June Indonesian retail sales fell 17.1 percent over the same month last year – but that decline was slower than during the previous month.
According to data from the country’s central bank, retail sales fell by 20.6 percent in May, as the Covid-19 pandemic forced store closures and consumers stayed home.
Sectors to show improvement were food, beverages & tobacco, along with communication services.
The Bank Indonesia is expecting the decline in Indonesian retail sales to further slow in July, to 12.3 percent.