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Indonesia retail sales contract in June but slower, central bank says

Indonesia’s retail sales fell 17.1% in June year-on-year, slowing from the previous month’s contraction, a central bank survey showed on Tuesday. Retail sales fell 20.6% on an annual basis in May. There were improvements in purchases of fuel, food, beverages, and tobacco, as well as communication services. The Bank Indonesia survey predicted sales to fall 12.3% in July, slowing the pace of decline further.

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