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Indonesia Oct retail sales growth slows to 7.6 pct
December 9, 2016 / 10:28 AM / a year ago

Indonesia Oct retail sales growth slows to 7.6 pct

JAKARTA, Dec 9 (Reuters) - Indonesia’s annual retail sales in October grew at a slower pace of 7.6 percent, as sales of food items slowed, a Bank Indonesia survey showed on Friday.

September annual retail sales growth was revised to 10.7 percent from a previously reported 6.5 percent.

The survey of 700 retailers in 10 major cities predicted that November retail sales growth would barely change at 7.9 percent from a year earlier, led by food and non-food sales.

The survey showed that price pressures were expected to decrease in the next three months. It also predicted that demand will slow in January. (Reporting by Nilufar Rizki; Editing by Kim Coghill)

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