In June, real retail sales expanded 18.1% over the same month last year, according to Bank Indonesia's Retail Sales Survey (RSS). The reading was above the 16.0% increase registered in May and marked the 22nd consecutive month of double-digit growth. As in previous months, clothing sales led the expansion, rising 51.8% year-on-year in June (May: +51.5% year-on-year). In addition, food and tobacco sales increased 22.8% in June, up from the 19.3% rise in May. Despite the rebound in June, the trend in retail sales continues to point downwards, with annual average growth falling for a ninth straight month to 20.0%. According to the survey, retailers anticipate sales to continue to grow in the short term (3 to 6 months ahead), which points to sustained growth in private consumption going forward. Meanwhile, industrial production grew 4.9% in June over the same month last year, below the 5.3% increase tallied in May (previously reported: +9.2% yoy). Annual average growth remained unchanged at May's 5.0% but still on a well-established growth trajectory.
Retail sales pick up while industrial production decelerates
August 3, 2011
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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%.