Indonesia: Retail sales dip in July
September 10, 2021
Retail sales decreased 2.9% year-on-year in July (June: +2.5% yoy). The notable weakening was largely driven by a deterioration in food, beverages, and tobacco sales. In addition, motor vehicles, parts and accessories sales fell heavily. Lastly, cultural and recreation goods sales decreased at a sharper rate, while information and communication equipment sales fell at a steeper pace than in the prior month.
Meanwhile, the trend improved notably, with the annual average variation of retail sales coming in at minus 7.9% in July, up from June's minus 8.7%.
The Central Bank expects retail sales to have fallen 6.2% in July.