In November, real retail sales expanded 26.6% over the same month the year before according to Bank Indonesia's Retail Sales Survey (RSS). The reading was below the 30.7% increase registered in October but still marked the 27th consecutive month of double-digit growth. Clothing and construction materials sales led the expansion in November. As a result of the monthly expansion, annual average growth increased from 21.3% in October to 22.0% in November. According to the survey, retailers expect short-term sales (3 to 6 months ahead) to increase, which implies sustained growth in private consumption going forward. Meanwhile, industrial production expanded 5.0% in November, which was below October's 6.0% increase. Annual average growth remained stable at 5.5% in November.
Retail sales and industrial production slow in November
January 10, 2012
Looking for forecasts related to Retail in Indonesia? Download a sample report now.
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%.