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Indonesia retail sales contract in June but slower, central bank says

by CBDC Insider Staff
August 11, 2020
in Asia, Business
Reading Time: 1min read
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Indonesia retail sales contract in June but slower, central bank says
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JAKARTA (Reuters) – Indonesia’s retail sales fell 17.1% in June year-on-year, slowing from the previous month’s contraction, a central bank survey showed on Tuesday.
Retail sales fell 20.6% on an annual basis in May.
There were improvements in purchases of fuel, food, beverages, and tobacco, as well as communication services.
The Bank Indonesia survey predicted sales to fall 12.3% in July, slowing the pace of decline further.JAKARTA (Reuters) – Indonesia’s retail sales fell 17.1% in June year-on-year, slowing from the previous month’s contraction, a central bank survey showed on Tuesday.

Continue read: https://wincountry.com/news/articles/2020/aug/11/indonesia-retail-sales-contract-in-june-but-slower-central-bank-says/1048034/?refer-section=business

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