Indonesia Oct Retail Sales Growth Slows to 7.6%

Indonesia's annual retail sales in October grew at a slower pace of 7.6 percent, as sales of food items slowed, a Bank Indonesia survey showed on Friday (09/12). (JG Photo/Yudhi Sukma Wijaya)

By : Nilufar Rizki | on 6:37 PM December 10, 2016
Category : Business, Economy

Jakarta. Indonesia's annual retail sales in October grew at a slower pace of 7.6 percent, as sales of food items slowed, a Bank Indonesia survey showed on Friday (09/12).

September annual retail sales growth was revised to 10.7 percent from a previously reported 6.5 percent.

The survey of 700 retailers in 10 major cities predicted that November retail sales growth would barely change at 7.9 percent from a year earlier, led by food and non-food sales.

The survey showed that price pressures were expected to decrease in the next three months. It also predicted that demand will slow in January.

Reuters

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