Indonesia motorbike sales growth slows in July to 21.3 pct y/y

Newswire

JAKARTA, Aug 16 (Reuters) - Growth in sales of motorbikes in Indonesia, an indicator of domestic consumption, fell fractionally to 21.3 percent in July from a year earlier despite higher fuel prices and interest rates, industry data showed on Friday. There were 702,423 motorbikes sold in the month, up 6.5 percent on a monthly basis, and led by Honda Motor Co Ltd , Yamaha Motor Co Ltd and Suzuki Motor Corp . The government hiked fuel prices in late June by 33 ...

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