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Jakarta Post

Retail sales worsen at year-end amid raging outbreak, protests

  • Adrian Wail Akhlas

    The Jakarta Post

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Jakarta   /   Thu, January 14, 2021   /  01:30 pm
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Visitors are seen at Senayan City mall in Jakarta on Dec. 25, 2020. (Antara/Indrianto Eko Suwarso)

Indonesia’s retail sales worsened in November and are expected to drop further in December amid a raging coronavirus outbreak and widespread protests over the Job Creation Law late last year, a further sign that the nation’s economic recovery remained sluggish in the fourth quarter of 2020. According to a survey published by Bank Indonesia (BI) on Tuesday, retail sales dropped 16.3 percent in November from the same month last year, the biggest fall since May and coming on the heels of a 14.9 percent fall in October. The central bank expected an even deeper contraction of 20.7 percent in December. Read also: Offline retail still necessary amid e-commerce boom: Business The survey showed the sales of household and information and communication equipment contracted significantly in November, while sales of clothing and information and communication equipment were expect...