INTERVIEW-Indonesia car sales growth seen slowing in 2003

Newswire

By Lily Kurniawati JAKARTA, Jan 29 (Reuters) - New car sales growth in Indonesia is seen slowing slightly this year as consumers weigh the potential for unrest ahead of the 2004 general elections, the main industry association said. Domestic car sales, a key barometre of consumer spending power which has driven economic growth in recent years, are yet to return to levels seen before the Asian financial crisis in 1997-98 of around 400,000 units. The Association of Indonesian Automotive ...

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