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Indonesia retail sales up 6.5per cent y/y in October, central bank says

Indonesia retail sales up 6.5per cent y/y in October, central bank says

FILE PHOTO: A vendor waits for customers at a market stall in Tanah Abang market in Jakarta, Indonesia February 4, 2016. REUTERS/Garry Lotulung/File Photo

JAKARTA : Indonesia's retail sales grew 6.5per cent on a yearly basis in October, a first positive growth in four months, as food and fuel sales rose, according to a central bank survey released on Friday.

Bank Indonesia predicted a 10.1per cent annual growth in retail sales in November, it said.

(Reporting by Gayatri Suroyo; Editing by Christopher Cushing)

Source: Reuters

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