Despite Negative Growth, Retail Sales Improved in August 2020
- A Small
- A Medium
- A Bigger
Bank Indonesia recorded a year-on-year contraction of -9.2% in the Real Retail Sales Index (IPR) in August 2020. Although still in contraction, this is an improvement compared to the previous month's -12.3% decline.
This improved performance in retail sales is driven by the implementation of the new normal adaptation period (AKB). Various community activities have returned to normal. Therefore, the IPR in September 2020 is projected to continue its improvement trend with a growth of -7.3%.
"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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