Sales of Electronic Goods Predicted to Rise 21%

Sales of electronic goods in Indonesia are predicted to reach Rp14.7 trillion ($1.63 billion) in value or an increase of 21% from last year's Rp12 trillion, Antara reported Monday (10/12/07).

Secretary general of the Electronic Marketer Club Handojo Soetanto said in the first 10 months of this year sales already reached Rp12.2 trillion, exceeding total sales in the whole of last year.

Soetanto said sales have continued to pick up from month to month this year with monthly peak in July.

He attributed the increase in sales to improved purchasing power, especially in the regions, with soaring prices of plantation commodities like palm oil, rubber and coffee.

He said electronic goods producers plan to raise prices next year with the increase in production costs foreboding sales growth may be slower.
_________________________ Indonesian Business and Investment News Aggregator