Indonesia's motorbike sales ratchets up 8.4 pct in March

Source: Xinhua | 2019-05-05

Indonesia's motorbike sales, a barometer for gauging purchasing power of middle-and low income groups in the country, logged 8.4 percent year-on-year growth to 580,504 units in March, the motorcycle industry association said Friday.
That compared with a 21-percent expansion in February, data from the association showed.
The downshift was in line with the national statistics data of annualized core inflation, stripping off administered prices and volatile food prices, in March, which ticked down to 3.03 percent from 3.06 percent in February.
Consumption accounts for over half of the gross domestic products in Indonesia, with a population of 260 million.