Indonesia’s retail sales growth highest since 2016

• Retail sales in Indonesia expanded for the first time in 17 months in Apr 21, rising 15.6% y/y and compared with a 14.6% fall in Mar 21, a central bank survey showed on 10 Jun 21.
• The pace of the increase was the highest since 2016 on a low base effect as sales were hit in Apr 20 due to coronavirus restrictions.
• Bank Indonesia said rising purchases during the Muslim fasting month also boosted the numbers.
• BI predicts a 12.9% rise in retail sales in May 21.

External Link : https://www.reuters.com/article/idUSP8N2MS014