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BRIEFING - ASIA ECONOMIC NEWS - JULY 31, 2002.

Publication: AsiaPulse News

Publication Date: 31-JUL-02
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COPYRIGHT 2002 Asia Pulse Pty Ltd

An executive briefing on the economies of Asia for July 31, 2002, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.

AUSTRALIAN RETAIL TRADE UP IN JUNE: ABS

SYDNEY - Australian retail trade rose 0.9 per cent in June to a seasonally adjusted $A14.664 billion ($US7.94 billion) from a slightly upwardly revised $A14.533 billion ($US7.87 billion) in May, the Australian Bureau of Statistics said.

Retail turnover in volume terms for the June quarter was up 2.5 per cent at $A41.998 billion ($US22.74 billion).

IMF OPTIMISTIC OF SINGLE-DIGIT INFLATION RATE FOR INDONESIA

JAKARTA - Deputy representative of the International Monetary Fund (IMF) to Jakarta, David Nellor, is optimistic that Indonesia will achieve its single-digit inflation rate target for this year.

"There has been much progress since early this year and an inflation rate of one digit could possibly be reached by the end of this year," Nellor said after a meeting with Finance Minister Boediono...

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