Indonesia Retail Sales Rise 0.5%

(RTTNews) - Indonesia's retail sales expanded at the slowest pace in the current sequence of growth, which began in May 2024, preliminary data from the Bank Indonesia showed on Wednesday.

Retail sales rose 0.5 percent year-on-year in March, slower than the 2.0 percent rise a month ago.

The overall annual growth was mainly driven by increased sales of spare parts and accessories, cultural and recreational goods, and food, beverages, and tobacco.

The strong sales expansion in February was on the back of higher demand for cultural and recreational goods, automotive fuel, and clothing.

On a monthly basis, sales growth accelerated to 8.3 percent in March from 3.3 percent in February.