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Indonesia retail sales growth at five-month high

Indonesian retail sales grew at their fastest rate in five months, according to government data.

Growth levels are currently at 3.6 per cent, the highest increase over last year’s figures in five months. Growth for the previous month stood at just 0.7 per cent.

The figures were released as part of a central bank survey, which showed that sales of food and auto parts were largely behind the measured increase. Sales of communications equipment, however, were lower than expected during the period. 

The survey results predict growth in Indonesian retail sales for November at 3.4 per cent.

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