7 months ago
33
Indonesia's retail sales growth moderated in August after accelerating in the previous month, preliminary data from the Bank Indonesia showed on Thursday.
Retail sales rose 2.7 percent year-on-year in August, slower than the 4.7 percent rise a month ago. Sales have been rising since May.
The growth was driven by more sales of spare parts and accessories and automotive fuel, as well as cultural and recreational goods.
On a monthly basis, the decline in retail sales softened markedly to 0.3 percent in August from 4.1 percent in July. The steeper decline in July was due to the end of the collective leave period for religious holidays as well as the school holidays.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
English (US) ·