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Indonesia: Retail sales rebound in February

Staff Writer |
In February, retail sales rose 1.5% over the same month of the previous year, contrasting January’s 1.8% contraction.

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Growth was broad-based, and clothing sales recorded the strongest increase.

The trend continued to point downwards in February and annual average growth came in at a multi-year low of 2.1% (January: 2.2%). According to the survey, retailers expect sales to grow 1.7% in March.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2018, which is unchanged from last month’s forecast.

For 2019, panelists see growth in private consumption broadly steady at 5.2%.

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