Retail sales in Indonesia decline
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Retail sales in Indonesia declined 1.8 percent in June, compared with an annual growth rate of 7.7 percent a month earlier, a central bank survey showed on Thursday.
The last decline from a year earlier was in January last year when retail sales also dropped 1.8 percent.
The survey predicted retail sales would rise 2.3 percent on an annual basis in July, when the new school year begins.
Questions & Answers
Q.What was the retail sales decline percentage in Indonesia during June?
What was the retail sales decline percentage in Indonesia during June?
Retail sales in Indonesia declined by 1.8 percent in June. This contrasts sharply with the 7.7 percent annual growth rate observed in the preceding month, indicating a significant shift in consumer spending patterns.
Q.When was the last time Indonesia experienced a year-on-year decline in retail sales before June?
When was the last time Indonesia experienced a year-on-year decline in retail sales before June?
Before June's decline, Indonesia's retail sales last fell from a year earlier in January of the previous year. That earlier decline was also recorded at 1.8 percent, matching the recent drop observed by the central bank survey.
Q.What is the predicted retail sales growth for July?
What is the predicted retail sales growth for July?
The central bank survey predicts that retail sales in Indonesia will rise by 2.3 percent on an annual basis in July. This anticipated growth coincides with the start of the new school year, which often stimulates consumer purchasing.
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