In March, retail sales expanded 12.8% over the same month last year according to Bank Indonesia's Retail Sales Survey (RSS). The reading was above the 11.6% increase observed in February (previously reported: +11.3% year-on-year) and marked the fifth consecutive month of double-digit growth. Sales of household equipment as well as food, beverages and tobacco led the expansion in March. Annual average growth rose from 9.9% in February to 10.2% in March. According to the survey, retailers expect short-term sales (3 to 6 months ahead) to continue to increase, which implies sustained growth in private consumption going forward.
Retail sales accelerate in March
May 7, 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.