Indonesia: Retail sales improve in March; further improvement expected for April
Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 15.5%, down from February 's minus 14.6%, Focus Economics reports.
The Central Bank expects retail sales to have contracted a softer 9.8% in April.
FocusEconomics Consensus Forecast participants see private consumption rising 4.7% in 2021, which is down 0.2 percentage points from last month’s forecast. For 2022, panelists see private consumption increasing 5.3%. ■