Retail Sector: The Indonesian Retail Association (Aprindo) is targeting modern retail growth of 10%-12% by the end of the year. According to Aprindo, modern retail sales during the Ramadan and Lebaran period this year grew by around 5%-10% yoy compared to the Lebaran in 2018. However, this is still an estimate, as not all of their members have submitted their transaction data for May. In addition, the Indonesian Shopping Center Management Association (APPBI) also stated that traffic to shopping centers and malls in the Greater Jakarta area increased by 5% yoy, while malls outside of the Greater Jakarta area experienced an increase of 20% yoy during the Lebaran period this year. (Bisnis Indonesia).
Sumber : IPS RESEARCH
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