February 11, 2020 / 3:16 AM / 11 days ago

Indonesia Dec retail sales fall 0.5% y/y

JAKARTA, Feb 11 (Reuters) - Retail sales in Indonesia contracted 0.5% in December from a year earlier, despite year-end festivities, according to a central bank survey released on Tuesday.

The Bank Indonesia survey predicted sales in January to have remained weak, estimating an annual drop of 3.1% because of falling sales of clothes, food and beverages. (Reporting by Gayatri Suroyo; Editing by Clarence Fernandez)

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