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View all search resultsThe central bank's preliminary data show that retail sales contracted for three straight months while consumer confidence slipped two consecutive months in July, generally due to the end of the Ramadhan-Idul Fitri holiday season.
Indonesian retailers are projected to maintain their sales momentum even after the fasting month and the Idul Fitri holidays, which normally lift consumer spending, came to an end, Bank Indonesia (BI) data show.
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