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Indonesias retail sales barely grow despite Idul Fitri boost
2025-04-25 01:45:04| Spiritual Career Counseling
April 17, 2025JAKARTA Retail sales in March barely saw any growth despite the boon from Ramadan and Idul Fitri holidays, which normally spike consumption.According to preliminary data published by Bank Indonesia (BI) on Wednesday, the retail sales index (RSI) for March was estimated to have inched up to 236.7, marking a marginal 0.5 percent yearly increase from 235.4 in March of last year.BI spokesperson Ramdan Denny Prakoso said in a press statement released together with the data that the growth was aligned with demand increase during Ramadan and Idul Fitri coupled with discounts offered by retailers during the festive season.Spare parts and accessories for cars and motorbikes saw the strongest annual growth in March with a 6.4 percent year-on-year (yoy) increase, followed by cultural goods and recreation with 1.6 percent and food, beverages and tobacco with 1.4 percent.The sale of spare parts and accessories have been consistently growing since at least last August and despite t...
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