In October, real retail sales expanded 30.8% over the same month last year according to Bank Indonesia's Retail Sales Survey (RSS). The reading was well above the 18.1% increase registered in September and marked the 26th consecutive month of double-digit growth. As in the previous month, clothing sales led the expansion and skyrocketed 74.8% in October, which was above the 44.9% increase recorded in September. In addition, food and tobacco sales rose 30.1% in October, which was also up from the 21.8% increase in September. Annual average growth increased from 20.3% in September to 21.3% in October. According to the survey, retailers expect short-term growth in sales (3 to 6 months ahead) to increase, which implies sustained growth in private consumption going forward.
Retail sales soar, while industrial production slows somewhat in October
December 2, 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.