Indonesia Retail Sales Contract in June but Slower, Central Bank Says
JAKARTA (Reuters) - Indonesia's retail sales fell 17.1% in June year-on-year, slowing from the previous month's contraction, a central bank survey showed on Tuesday.
Retail sales fell 20.6% on an annual basis in May.
There were improvements in purchases of fuel, food, beverages, and tobacco, as well as communication services.
The Bank Indonesia survey predicted sales to fall by 12.3% in July, slowing the pace of decline further.