Indonesian retail sales fell in December
Indonesian retail sales have witnessed a downturn despite the festive season.
According to a survey conducted by Bank Indonesia, the retail sales fell 0.5 per cent in December compared to year on year.
The survey predicted January retail sales will stay weak. Key retail sectors, including fashion and food & beverage, will drop 3.1 per cent on an annual basis.
Indonesian retail sales in November rose by 1.3 per cent, marking the fifth consecutive month of growth.