KONTAN.CO.ID - JAKARTA. Retail sales in Indonesia expanded for the first time in 17 months in April, rising 15.6% on an annual basis and compared with a 14.6% fall a month earlier, a central bank survey showed on Thursday. The pace of the increase was the highest since 2016 on a low base effect as sales were hit in April 2020 due to coronavirus restrictions. Bank Indonesia said rising purchases during the Muslim fasting month also boosted the numbers. BI predicts a 12.9% rise in retail sales in May.
Central Bank: Indonesia's retail sales growth highest since 2016
KONTAN.CO.ID - JAKARTA. Retail sales in Indonesia expanded for the first time in 17 months in April, rising 15.6% on an annual basis and compared with a 14.6% fall a month earlier, a central bank survey showed on Thursday. The pace of the increase was the highest since 2016 on a low base effect as sales were hit in April 2020 due to coronavirus restrictions. Bank Indonesia said rising purchases during the Muslim fasting month also boosted the numbers. BI predicts a 12.9% rise in retail sales in May.