Retailers eye 10% growth 

business December 30, 2016 01:00

By THE JAKARTA POST
ASIA NEWS NETWORK
JAKARTA

THE ASSOCIATION of Indonesian Retailers (Aprindo) has said retail sales potentially has grown 10 per cent this year as a result of better macroeconomic and banking conditions.



Aprindo chairman Roy Mandey forecasts that the sales turnover of the country’s retailers has reached Rp 200 trillion (US$14.9 billion, Bt539 billion) for the year, higher than last year’s figure of Rp 181 trillion.

 “Last year, with around 4.7 per cent economic growth, we had posted growth of 8 percent. We hope this year we can book 10 per cent growth,” Roy told reporters on Wednesday. He added that one of the factors that positively affected growth in the retail industry was the country's low inflation levels of below 4 per cent, which had triggered higher consumer spending.