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Indonesia's Retail Sales Seen Down 0.9% in May

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Indonesia's retail sales are projected to decline 0.9% in May from the previous month, improving from the 11.6% contraction recorded in April, according to Bank Indonesia's Retail Sales Survey released on Thursday.

The Real Sales Index (RSI) for May is estimated at 225, supported by continued annual growth in sales of spare parts and accessories, other household equipment, and other goods.

The central bank attributed the performance to consumer demand during the Ascension Day, Eid al-Adha, and Vesak Day holidays.

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