JAKARTA (The Jakarta Post/Asia News Network): Retail sales did not return to prepandemic levels in November, even though consumer confidence and visits to retail and recreation places had recovered by that month, spelling bad news for Indonesia's consumption levels, which are a key contributor to economic recovery.
The retail sales index (RSI), based on a survey of 700 retailers in 10 cities, is estimated to have stood in November at 199.7, lower by 7.79 per cent than in the same period in 2019, Bank Indonesia (BI) data show.