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Indonesian retail sales continue to decline

Indonesian shooping mall

Indonesian retail sales fell 9.2 per cent in August, year on year, according to data from the nation’s central bank. 

That represented a slower decline than in July, when sales were down by 12.3 per cent. 

Bank Indonesia has projected a further decline in September of 7.3 per cent. 

Meanwhile, August’s data showed rising sales of food and beverages, and tobacco. 

The monthly survey of Indonesian retail sales is based on data collected from about 700 retail stores in 10 cities across the country, including Jakarta.

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