Indonesia's retail sales showed a renewed decline in April, preliminary survey data from the Bank Indonesia showed on Tuesday.Retail sales fell 1.9 percent year-over-year in April, reversing a 3.4 percent growth a month ago. Moreover, this was the first decrease since May 2025. On a monthly basis, retail sales plunged 10.0 percent versus a 10.3 percent surge in March. The decline was influenced by...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.