Nov 2019 retail sales grew positively despite October slowdown: BI

Nov 2019 retail sales grew positively despite October slowdown: BI

Bank Indonesia (BI). (Antara)

Jakarta (ANTARA) - Indonesia's retail sales grew positively in November 2019 in spite of having slowed down in comparison with a month earlier, according to the central bank.

The retail sales index (IPR) in November 2019 grew 1.3 percent year-on-year (yoy), plummeting from 3.6 percent (yoy) a month before, the Bank Indonesia (BI) Department of Communication said in a statement released on Friday.

"The positive growth in retail sales was fueled by the sales of spare parts, accessories, and other household utensils as well as foods, beverages, and tobacco," the statement noted.

The central bank has forecast that the growth in retail sales in December 2019 will not be as high as that of the same month a year before as mirrored by IPR in December 2019 that fell 0.2 percent yoy.

The drop was caused by the sales of goods in the cultural and recreational group and other groups.
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