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Crucial Eid Holiday Shopping Season Is a Bust in Southeast Asia

Indonesia sees 90% drop in sales while Malaysia sees 80% dip
Domestic spending counts for more than half of countries’ GDP

A vendor waits for customers at a store. — A vendor waits for customers at a store.Photographer: Ian Teh/Bloomberg

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Before it’s here, it’s on the Bloomberg Terminal

By Anisah Shukry and Grace Sihombing

May 21, 2020 at 5:00 PM EDT

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In the nights leading up to the biggest Muslim festival of the year, the roads of Kuala Lumpur are quiet.

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Before it’s here, it’s on the Bloomberg Terminal