Mixed outlook for Indonesian retail - OBG

Mixed outlook for Indonesian retail

Expectations that rising incomes among Indonesia's burgeoning middle class will generate a retail boom were boosted by rosy end-of-year sales results. However, the upward trend is threatened by both global and domestic trends.
A Bank Indonesia (BI) survey published in January revealed that retail sales surged 14% year-on-year (y-o-y) in November, the fastest growth since July. The survey of 650 retailers in 10 major cities also predicted ... Read more.

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