Home BI Survey: Indonesia’s retail sales rise 0.7% y/y in September, Rupiah keeps lows

BI Survey: Indonesia’s retail sales rise 0.7% y/y in September, Rupiah keeps lows

Published date: 6 Nov. 2019 | 04:12

According to the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Wednesday, Indonesia’s retail sales grew 0.7% on the year in September vs. a 1.1% rise seen in August.

Amid slower pace of growth in the domestic retail sales and sluggish Q3 GDP growth momentum, the Indonesian Rupiah (IDR) remains on the offers, with USD/IDR now looking to regain the 14k handle, up +0.21% on the day.

The spot is on the road to recovery from two-month lows of 13,967.50 reached on Tuesday, as markets ignored downbeat Indonesian growth figures.

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