Indonesia Oct motorbike distribution up 28 pct y/y

Newswire

JAKARTA, Nov 21 (Reuters) - The number of motorbikes distributed to dealers across Indonesia rose 28.3 percent in October compared with the same month in 2004, data from the motorbike industry association showed on Monday. The increase came despite an annual inflation rate of 17.89 percent last month, mostly due to sharp rises in domestic fuel prices, which prompted the central bank to jack up interest rates. There were 491,563 motorbikes distributed by producers last month, up from ...

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