JAKARTA Feb 8 Indonesia's retail sales in
December grew 10.5 percent from a year earlier, a slightly
stronger pace than in November, a survey by Bank Indonesia (BI)
showed on Wednesday.
November annual retail sales growth was revised to 9.9
percent from the previously reported 10 percent.
The central bank said increased buying of food items
bolstered the growth rate in December's retail sales.
The survey of 700 retailers in 10 major cities predicted
that January annual retail sales growth would be 9.5 percent
from a year earlier, weakened by sales of food items.
Respondents in the survey felt that price pressures were
expected to decrease in March, but increase in the next six
They also predicted retail sales will decrease in the next
three months. However, they are optimistic that retail sales
will increase in June this year tracking the rise in demand
during the fasting month.
(Reporting by Nilufar Rizki; Editing by Sherry Jacob-Phillips)