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Indonesian retail sales fell 16.3 per cent in November

Retail sales in Indonesia dropped 16.3 per cent year-on-year in November following a 14.9 per cent fall a month earlier, a central bank survey showed on Tuesday.

Sales of telecommunication equipments and other household goods contracted in November, the survey showed.

The survey also forecast an even deeper contraction of 20.7 per cent in December.

  • Reporting by Gayatri Suroyo and Tabita Diela; Editing by Shri Navaratnam, of Reuters.

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