In September, real retail sales added 21.1% over the same month the previous year according to Bank Indonesia's Retail Sales Survey (RSS). The reading marked a deceleration over the 31.2% expansion recorded in August but it marked the thirteenth consecutive month of double-digit growth rates. The deceleration over the previous month reflected the end of Ramadan, during which Muslims usually spend more on food products and gifts. Consequently, sales for food and tobacco led the deceleration, expanding an annual 22.7%, down from the 31.6% growth recorded in August. Moreover, clothing sales decelerated sharply, adding 65.7% annually (August: +108.0% year-on-year). Despite the deceleration in September, annual average growth in real retail sales rose slightly from 28.4% in August to 29.0%. Moreover, according to the RSS, retailers remain optimistic and expect sales to continue rising in the coming months, which bodes well for a positive private consumption reading for the fourth quarter. Meanwhile, in October industrial production added only 0.5% over the same month last year, which came in slightly below the 0.6% expansion observed in September. Moreover, annual average growth in industrial production fell to 3.7% in October (September: +4.0% year-on-year).
Retail sales continue to grow at brisk pace in September
November 12, 2010
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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%.