Tuesday, 30 June 2009

Indonesians spend more regardless of financial crisis

The Indonesian retail market, in the first four months of the year, remains on a positive trajectory as consumers in both modern and traditional markets continue to spend more - regardless of the impact of the financial crisis on the economy. A survey conducted in seven cities by the Nielsen Company revealed that consumer spending grew by 7.4 percent as of the end of April and is expected to accelerate with the easing of the liquidity crisis. The survey reveals the retail market, both in modern and traditional sectors, grew consistently from January to April with modern retailing growing by 13.4 percent, while traditional retailing increased by 4.1 percent.
Source: PA Asia - Public Affairs and CSR from The Jakarta Post, 17 June, p.3

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