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June Indonesian retail sales decline – but at a slower rate

June Indonesian retail sales fell 17.1 per cent over the same month last year – but that decline was slower than during the previous month.

According to data from the country’s central bank, retail sales fell by 20.6 per cent in May, as the Covid-19 pandemic forced store closures and consumers stayed home.

Sectors to show improvement were food, beverages & tobacco, along with communication services.

The Bank Indonesia is expecting the decline in Indonesian retail sales to further slow in July, to 12.3 per cent.

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