Business & Finance
Domestic car sales growth 3.2pct: Indonesia
JAKARTA : Indonesia 's domestic car sales, an indicator of private consumption in Southeast Asia 's top economy, rose
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JAKARTA: Indonesia's domestic car sales, an indicator of private consumption in Southeast Asia's top economy, rose 3.2 percent year on year in January, data from the Indonesia Automotive Manufacturer Industry (Gaikindo) showed on Wednesday.
The rise represented a slowing down of growth after sales rebounded to a 14.7 percent rise in December from a fall in November.
According to the association, sales in January were at 76,370 cars, compared to 73,987 cars last year, and were led by Toyota, Daihatsu, and Mitsubishi
Domestic car sales, supported by the lowest ever interest rates and growing middle class, fell 2.3 percent year on year in November as floods in Thailand hurt regional production.
Copyright Reuters, 2012
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