Indonesian Retail Industry’s: Not All Gloom and Doom?
![Biscuit factory](https://cdn1.katadata.co.id/media/dinsights/images/thumb/2019/08/02/2019_08_02-08_27_52_bdf86d2694c0532f0b0b76c6c5b0cf47_620x413_thumb.jpg)
Summary
- Dozens of Giant store closures since last year were in line with the survey conducted by Bank Indonesia, revealing that the retail industry growth in 2019 was slowing down.
- The Statistics Indonesia recorded that the household expenses tended to slow down and potentially affected the retail industry performance.
- The cash flows of all retail companies in the first half of 2019 were in year-on-year decreases.