June Indonesian retail sales down again
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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.
Questions & Answers
Q.Which retail sectors in Indonesia showed improvement in June?
Which retail sectors in Indonesia showed improvement in June?
The sectors that saw improvement in June were food, beverages & tobacco, and communication services.
Q.How did the June retail sales decline compare to the previous month?
How did the June retail sales decline compare to the previous month?
The decline in June was slower than in May. June saw a 17.1 percent fall, while May experienced a 20.6 percent drop.
Q.What is the forecast for Indonesian retail sales in July?
What is the forecast for Indonesian retail sales in July?
Bank Indonesia anticipates the decline in Indonesian retail sales will slow further in July, expecting a fall of 12.3 percent.
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