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Indonesia May retail sales contract the most in 12 years, central bank says

By
Reuters API
Published
Jul 8, 2020
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Indonesia's retail sales tumbled 20.6% in May on the year for their biggest fall since October 2008, and accelerating from the previous month's contraction, a central bank survey showed on Wednesday.


Reuters


There were steeper falls in purchases of clothes and recreational spending in May than the previous month, the survey showed. Retail sales fell 16.9% on an annual basis in April.

The Bank Indonesia survey predicted the drop in sales to slow to 14.4% in June.

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