Retail in Asia

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Indonesia Mar retail sales grow 12.8 pc y/y

Indonesia’s retail sales grew by 12.8 percent in March from a year ago, a faster pace than in February, though retailers were less optimistic about sales in coming months, a central bank survey showed on Wednesday.

Bank Indonesia’s retail sales index was 115.5 in March, up from a revised 110.0 in the previous month, driven by strong sales of household goods.

However, uncertainty over the government’s fuel policy led fuel sales to fall 4.7 percent from a year ago, the survey said. 

(Source: CNBC)