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Indonesia retail sales contract in June but slower, central bank says - Metro US

Indonesia retail sales contract in June but slower, central bank says

A woman looks at clothing on display at a booth at Indonesia Fashion Week in Jakarta, Indonesia

JAKARTA (Reuters) – Indonesia’s retail sales fell 17.1% in June year-on-year, slowing from the previous month’s contraction, a central bank survey showed on Tuesday.

Retail sales fell 20.6% on an annual basis in May.

There were improvements in purchases of fuel, food, beverages, and tobacco, as well as communication services.

The Bank Indonesia survey predicted sales to fall 12.3% in July, slowing the pace of decline further.

(Reporting by Tabita Diela; Editing by Muralikumar Anantharaman)

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