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Indonesia retail sales growth slows in June, survey says

Indonesia retail sales growth slows in June, survey says

FILE PHOTO: Bank Indonesia's logo is seen at Bank Indonesia headquarters in Jakarta, Indonesia, September 2, 2020. REUTERS/Ajeng Dinar Ulfiana

JAKARTA : Indonesia's retail sales growth slowed sharply in June, rising 2.5per cent on an annual basis after jumping 14.7per cent a month earlier, a central bank survey showed on Tuesday.

Bank Indonesia (BI) said there were slower sales of automobile spare parts, food and beverages, and recreational spending due to softer demand as people moved about less due to rising COVID-19 cases.

BI predicted a decline of 6.2per cent annually in retail sales in July. In July, Indonesia applied emergency mobility restriction in the islands of Java and Bali, and some other areas in the archipelago, in a bid to contain coronavirus infections.

(Reporting by Nilufar Rizki, Tabita Diela; Editing by Ed Davies)

Source: Reuters

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