In January, retail sales expanded 14.0% over the same month last year according to Bank Indonesia's Retail Sales Survey (RSS). The reading was above the 10.1% increase registered in December and marked the fastest growth pace since August 2011. Sales of household equipment, automotive fuels as well as food, beverages and tobacco led the expansion in January. As a result of the monthly rise, annual average growth increased from 9.0% in December to 9.5% in January. 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. Meanwhile, industrial production expanded 3.3% in January, which was above December's 2.6% increase. As a result, annual average growth remained stable at 3.6% in January.
Retail sales and industrial production gain pace in January
March 1, 2012
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Indonesia Economic News
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.
September 22, 2016
At its 21–22 September monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.25% to 5.00%.