International
Indonesia Retail Sales Expected to Accelerate in March, Survey Shows
Indonesia's retail sales are expected to continue rising in March, according to Bank Indonesia's latest Retail Sales Survey released Monday.The Real Sales Index (RSI) is projected to grow 2.4% annually, supported by gains in spare parts and accessories, food and beverages, and cultural and recreational goods.Monthly, retail sales are forecast to jump 9.3% in March, accelerating from 4.1% in February. The improvement is driven by stronger demand across most categories, including information and communication equipment, automotive fuel, and clothing, as household consumption rises during Ramadan and ahead of Eid-ul-Fitr, the central bank said.
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