Indonesian Retail Sales Growth Remains Strong
Indonesia’s retail sales grew for the tenth successive month in March, though at a slower pace compared to February, preliminary data from the Bank Indonesia showed on Wednesday.
Retail sales rose 3.5 percent year-on-year in March, following a 6.4 percent surge a month ago.
The overall annual growth was mainly driven by more sales of clothing, spare parts, and accessories, as well as automotive fuel.
On a monthly basis, sales advanced at a faster pace of 4.1 percent in March versus a 1.7 percent increase in February.
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