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Retail sales growth rises to 17.9%
Indonesiaâs annual retail sales growth rate rose to 17
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ndonesia's annual retail sales growth rate rose to 17.9 percent in September, up from a revised 8.9 percent in August, bolstered by sales of information and communications equipment, a Bank Indonesia survey showed on Monday.
The survey of 650 retailers in 10 major cities showed that retail sales were expected to continue to rise in October, supported by increased purchasing capacity, Reuters reported.
The survey said that price pressures in the next three months would persist because of concerns there will be an increase in the state-set fuel price.
It also showed that businesses expected the pace of sales growth, on an annual basis, to decrease in the next six months.
