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Indonesia retail sales in August fall at slower pace

8 Oct 2020, 4:27 AM
Indonesia retail sales in August fall at slower pace

JAKARTA, Oct 8 — Indonesia's retail sales in August fell 9.2 per cent from a year earlier, a slower pace of contraction compared with a 12.3 per cent slump in the previous month, a central bank survey showed on Thursday.

There were improvements in purchases of food, beverages, and tobacco, according to the survey of around 700 retailers across 10 major cities in the country including the capital Jakarta.

The Bank Indonesia survey predicted sales in September would fall 7.3 per cent from a year earlier.

— Reuters

 

 

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