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Indonesia retail sales down 14.6 per cent in March

Retail sales in Indonesia fell at a slower pace of 14.6 per cent on annual basis in March, compared with an 18.1 per cent fall in February, a central bank survey showed on Tuesday.

Stronger fuel sales were supportive, although sales of clothes and recreational amenities continued to show drops during the month, the survey showed.

Bank Indonesia, which had forecast a 17.1 per cent drop in sales in March, is predicting a 9.8 per cent increase in April.

  • Reporting by Tabita Diela and Fransiska Nangoy

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