According to the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Wednesday, Indonesia's retail sales grew 0.7% on the year in September vs. a 1.1% rise seen in August.
The survey also predicted retail sales would rise 2.9% on an annual basis in October, Reuters reports.
Retail sales were mainly driven by automotive spare parts and accessories as well as other household goods.
Amid slower pace of growth in the domestic retail sales and sluggish Q3 GDP growth momentum, the Indonesian Rupiah (IDR) remains on the offers, with USD/IDR now looking to regain the 14k handle, up +0.21% on the day.
The spot is on the road to recovery from two-month lows of 13,967.50 reached on Tuesday, as markets ignored downbeat Indonesian growth figures.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.