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World

Indonesia's October retail sales up 2.9pc y/y

JAKARTA: Retail sales in Indonesia grew at a much slower pace at 2.9 percent in October from a year earlier, compared wi

December 10, 2018

JAKARTA: Retail sales in Indonesia grew at a much slower pace at 2.9 percent in October from a year earlier, compared with an annual growth rate of 4.8 percent in September, a central bank survey showed on Monday.

October retail sales were supported by clothing and automotive fuel sales.

The survey predicted November's year-on-year retail sales growth would accelerate to 3.4 percent.

Copyright Reuters, 2018