Business & Finance

Indonesia motorcycle sales growth at 7.3pc in 2011

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However, sales volumes in December fell 10.3 percent from a year earlier to 460,535 motorcycles, with sales growth having slowed sharply in the fourth quarter from double-digit levels earlier in 2011.

Sales were led by Honda, Yamaha and Suzuki , the Indonesian Motorcycle Industry Association (AISI) said.

The central bank held its benchmark policy rate at a record low 6 percent on Thursday to support the domestic economy amid a global economic slowdown.

Copyright Reuters, 2012