Indonesia Retail July 2016


Growth in retail sales moderates in July

Retail sales in July expanded 6.8% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion was below the revised 16.4% increase observed in the previous month (previously reported: +15.9% year-on-year), which had marked a one-year high. According to the Bank, July’s deceleration was driven partly by slower growth almost across the board, with sales of food, beverages and tobacco decelerating notably.

Annual average growth in retail sales inched down from 10.6% in June to 10.5% in July. According to the survey, retailers expect sales to rise notably to a 14.6% annual increase in August.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2016, which is unchanged from last month’s forecast. For 2017, panelists see growth in private consumption at 5.2%.

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Indonesia Retail Chart

Indonesia Retail July 2016

Note: Year-on-year and annual average variation in %.
Source: Bank Indonesia (BI) and FocusEconomics calculations.

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