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View all search resultsPreliminary data from Bank Indonesia (BI) show that Indonesia’s retail sales were projected to grow for the fourth month in a row in December as the country entered the Christmas and New Year holiday season.
Retailers have started to feel the pinch from a call to boycott pro-Israel products with firms wary that it could lead to a bigger jolt to businesses unless the government intervenes, associations said on Wednesday.
China's industrial output and retail sales grew at a faster-than-expected pace in August, but property investment slumped further and could drag on broader demand even as the recent flurry of support policies showed signs of stabilizing the economy.
The 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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