Indonesia: Growth in retail sales moderates in July
September 15, 2016
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.