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Financial News: Indonesia Retail Sales Growth Improves To 4.4%

Indonesia Retail Sales Growth Improves To 4.4%

07/09/2024 - 03:53:00 (RTTNews)

(RTTNews) - Indonesia's retail sales grew for the second straight month in June, and at a faster pace, preliminary data from the Bank Indonesia showed on Tuesday.

Retail sales rose 4.4 percent year-on-year in June, following a 2.1 percent rise a month ago.

The overall annual growth was mainly driven by more sales of other household equipment and clothing, as well as food, beverages, and tobacco.

On a monthly basis, sales rebounded 2.1 percent in June after a 3.5 percent decline in May. The monthly growth stemmed from more demand for clothing, cultural and recreational goods, as well as food, beverages, and tobacco, due to the impact of holidays.

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