July 8, 2020 / 3:25 AM / a month ago

Indonesia May retail sales contract the most in 12 years, central bank says

FILE PHOTO: A woman wearing a protective face mask walks past closed street vendors booths at a traditional market amid the spread of the coronavirus disease (COVID-19) in Jakarta, Indonesia May 4, 2020. REUTERS/Ajeng Dinar Ulfiana

JAKARTA (Reuters) - Indonesia’s retail sales tumbled 20.6% in May on the year for their biggest fall since October 2008, and accelerating from the previous month’s contraction, a central bank survey showed on Wednesday.

There were steeper falls in purchases of clothes and recreational spending in May than the previous month, the survey showed. Retail sales fell 16.9% on an annual basis in April.

The Bank Indonesia survey predicted the drop in sales to slow to 14.4% in June.

Reporting by Tabita Diela; Editing by Clarence Fernandez

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