In June, retail sales expanded 13.6% over the same month last year, according to Bank Indonesia's Retail Sales Survey (RSS). The reading was above the 8.0% increase observed in May and marked, in fact, the fastest pace of expansion since January. The result mainly reflected an increase in food, beverages and tobacco as well as in other household equipment. As a result of the faster monthly expansion, annual average growth edged up from 10.4% in May to 10.6% in June. According to the survey, retailers expect short-term sales (three to six months ahead) to continue to increase, which implies sustained growth in private consumption going forward.
Retail sales accelerate in June
August 1, 2012
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Indonesia Retail Chart
Note: Year-on-year and annual average variation in %.
Source: Bank Indonesia (BI) and FocusEconomics calculations.
Indonesia Economic News
October 20, 2016
At its 19–20 October monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.00% to 4.75%.
October 17, 2016
Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
October 12, 2016
Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.4 in August to 50.9 in September, according to a release provided by Nikkei and IHS Markit.