Pantheon Macroeconomics

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12th Jul 2023 11:11Emerging Asia, Daily Monitor

  • Retail sales growth in Indonesia plunged in May to -4.5%, the lowest print since the 2020 crash...
  • ...A probable bounce in June will be down mainly to calendar effects; the wages picture remains bleak.
  • Weak wholesale growth implies no quick recovery in Malaysian retail sales, following May’s plunge.

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Keywords for: 13 July 2023 Emerging Asia Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence