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Indonesia: Retail sales rebound sharply in April

Christian Fernsby |
Retail sales jumped 15.6% in April, sharply contrasting March’s 14.6% plunge and marking the best reading since June 2016.

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Topics: INDONESIA   

The strong rebound came on the back of a seasonal spike in demand during Ramadan and sales promotion and benefited from an extremely low base effects as sales plummeted in April 2020 due to coronavirus restrictions.

In terms of categories, the bounce-back was largely driven by stronger sales of clothing; food, beverages and tobacco; and automotive fuels.

Consequently, the trend pointed up, with the annual average variation of retail sales coming in at minus 13.1%, from March's minus 15.5%.

The Central Bank expects retail sales to have expanded a softer 12.9% in May.

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