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Lacklustre Consumer Spending Dampening Sales Outlook

Sluggish private consumption and Indonesia's flat economic growth performance in H117 have led us to revise down our outlook for passenger car sales to growth of 4.9% in 2017, from our previous forecast of 11.0% growth. Two positives for a rise in car sales will be manageable inflation and low interest rates, which will help bolster consumer spending.

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Analysts

Thomas Glendinning

Senior Analyst, Automotives
Autos | London

Anna-Marie Baisden

Head of Autos Research
Autos | London
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