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INDONESIA RECOVERS AT A SNAIL'S PACE.
(From Market - Asia Pacific)
Indonesian consumers have suffered a number of setbacks in recent years and the slow pace of the current economic recovery will make it impossible to improve household well-being this year
High unemployment and a generalized deterioration in real household earnings will continue to undermine consumer confidence through at least the first half of 2004. Overall sales of consumer goods will experience year-on-year growth of from 2 to 4 percent through the second quarter of this year. Household expenditure on household electronic products should rise at a slightly higher rate, with gains surpassing 5 percent by the third quarter. Chinese consumer goods are quickly making inroads in Indonesia and strongest sales growth will be in low-end durable and semi-durable goods
The sales panorama for high-end goods and ...
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