Indonesia’s October retail sales accelerates at fastest pace in five months

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Indonesia’s October retail sales accelerates at fastest pace in five months

Growth in Indonesia’s retail sales accelerated to 3.6% in October from a year earlier, the fastest pace in five months which picked up strength from its September growth of 0.7% according to a central bank survey on Tuesday.

Growth was mainly driven by increased sales of food and auto-parts, although sales of communication equipment remained weak.

The survey furthered a prediction of a growth of 3.4% in November.

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