Retail in Asia

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Indonesia’s June retail sales grow 22.9pc year-on-year

Indonesia’s retail sales in June grew 22.9 percent from the previous year boosted by demand for food, beverages and tobacco, a Bank Indonesia survey showed on Tuesday.

The retail sales growth in June was in line with increased consumption during the Muslim fasting month of Ramadan.

May retail sales growth was revised to 20.6 percent from an initially reported 19.8 percent rise, the survey showed.