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Bank Indonesia (BI) survey shows that the Real Retail Sales Index (IPR) in Indonesian retail sales in April 2019 was recorded at 229.3, or grew by 6.7% compared to the previous period (yoy). This figure slowed compared to the previous month by 10.1% (mom), but was higher than the previous period (yoy) by 4.1%. This growth was influenced by a decline in all retail sales groups, except for spare parts and accessories which grew by 25.8% (yoy) and other household goods by 10.5% (yoy).
In May 2019, retail sales are estimated to have grown higher than in April 2019. Estimated retail sales in May 2019 grew by 9% (yoy) due to high demand during Ramadan (festive season). This increase was driven by increased retail sales for spare parts and accessories, and the clothing sub-group, which recorded growth of 30.6% and 26.9% (yoy) respectively. In addition, an increase in retail sales also occurred in the food, beverage, and tobacco group, which grew by 10.3% (yoy).
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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