In December, real retail sales expanded 22.2% over the same month the year before according to Bank Indonesia's Retail Sales Survey (RSS). The reading was below the 26.8% increase registered in November but still marked the 28th consecutive month of double-digit growth. Clothing and food sales led the expansion in December. 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 increased 22.0% in the full year 2011, which was below the 26.3% rise observed in 2010. Meanwhile, industrial production expanded 6.0% in December, which was below November's 6.2% increase. As a result, industrial output grew 5.6% in 2011, which was above the 4.4% expansion tallied in 2010.
Retail sales and industrial production moderate in December
February 10, 2012
Looking for forecasts related to Retail in Indonesia? Download a sample report now.
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
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.
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.