In January, real retail sales expanded 20.1% over the same month the year before, according to the Bank Indonesia's Retail Sales Survey (RSS). The reading represented a slight slowdown over the robust 21.8% increase registered in December and marked the 17th consecutive month of double-digit growth in retail sales. As was the case in previous months, clothing sales led the expansion, increasing an impressive 65.4% over January 2010. Despite the robust growth, annual average growth in real retail sales fell for a fourth straight month from 26.3% in December to 24.8% in January. According to the RSS, retailers anticipate sales to continue increasing in the short run, which bodes well for private consumption in the coming months. Meanwhile, growth in industrial production decelerated to 7.6% in January over the same month the previous year, which was below the 8.2% increase observed in December. Annual average growth increased to 4.7% in January (December: +4.5% year-on-year).
Retail sales remain buoyant in January
March 4, 2011
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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.