In September, retail sales expanded 22.0% over the same month last year, according to Bank Indonesia's Retail Sales Survey (RSS). The reading was more than two times the 10.6% increase observed in August (previously reported: +11.4% year-on-year) and represented, in fact, the fastest pace of expansion since August 2010. Sales of household equipment as well as of food, beverages and tobacco led the expansion in September. As a result of the faster monthly expansion, annual average growth rose to 12.8% in September from 10.4% in August. Moreover, according to the survey, retailers expect growth in short-term sales (three to six months ahead) to continue to increase.
Retail sales expand at fastest pace in two years
November 5, 2012
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Indonesia Retail Chart
Note: Year-on-year and annual average variation in %.
Source: Bank Indonesia (BI) and FocusEconomics calculations.
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
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.