In February, real retail sales expanded 18.2% over the same month last year, according to the Bank Indonesia's Retail Sales Survey (RSS). The reading represented a slowdown over the revised 20.0% increase observed in January (previously reported: +20.1% year-on-year) but marked the 18th consecutive month of double-digit growth. As in previous months, clothing sales led the expansion, increasing a stellar 52.7% over February 2010, followed by a 28.4% increase in food and tobacco sales. Despite the robust increase, annual average growth in real retail sales fell for a fifth consecutive month from 24.8% in January to 23.2% in February. According to the RSS, retailers anticipate sales to continue increasing in the short run (3 and 6 months ahead), which bodes well for private consumption in the coming months. Meanwhile, industrial production grew 4.3% in February over the same month the previous year, which was below the 7.7% increase observed in January. Annual average growth remained unchanged in February at 4.8%.
Retail sales decelerate slightly in February
March 30, 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%.
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Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
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Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
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In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
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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.