10 August 2023 Emerging Asia Monitor Indonesia's Consumer Story is Still Fragile, Despite the June Sales Pop

Retail sales growth in Indonesia leapt to a 14-month high in June, flattered by Ramadan calendar effects.
But sales have yet to return to the pre-pandemic level; discretionary goods remain in the doldrums.
Malaysian retail sales growth emerged from a year-long slump, but a sustained acceleration is unlikely.

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