Indonesia's cement sales in June up 20 percent y/y

Indonesia's cement sales, an indicator of infrastructure growth in Southeast Asia biggest economy, rose 20 percent in June from the same month last year, according to data from the country's cement association.

"I am surprised. This is above our expectation of 6 percent (growth) this year," Urip Trimuryono, chairman of the Indonesian Cement Association, told Reuters.

Total sales from January to June this year rose 14.8 percent from the same period in the previous year, also above the association's forecast. Source: Reuters