Indonesia Retail September 2021


Indonesia: Retail sales remains broadly unchanged in September

November 10, 2021

Retail sales decreased 2.2% year-on-year in September (August: -2.1% yoy). The sharper drop was largely driven by a deterioration in food, beverages, and tobacco sales. In addition, motor vehicles, parts and accessories sales fell notably. Lastly, cultural and recreation goods sales decreased at a softer rate, while information and communication equipment sales declined at a softer pace than in the prior month.

Meanwhile, the trend improved, with the annual average variation of retail sales coming in at minus 6.8%, up from August's minus 7.3%.

FocusEconomics Consensus Forecast participants see private consumption rising 5.5% in 2022, which is unchanged from last month’s forecast. For 2023, panelists see private consumption increasing 4.7%.

Author: Massimo Bassetti, Senior Economist

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Indonesia Retail Chart

Indonesia Retail September 2021

Note: Year-on-year and annual average variation in retail sales in %.
Source: Bank Indonesia (BI) and FocusEconomics calculations.

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