Indonesia Retail


Retail sales growth accelerates marginally in April

In April, retail sales expanded 9.7% over the same month last year, according to Bank Indonesia's Retail Sales Survey (RSS). The reading was slightly above the 9.3% rise observed in March (previously reported: +10.2% year-on-year). According to the Bank, higher sales of motor vehicles parts and accessories led the acceleration in April.

Despite the higher annual reading, annual average growth inched down from 13.8% in March to 13.7% in April. That said, according to the survey, retailers expect growth in short-term sales (three to six months ahead) to continue to rise on the back of domestic demand.

FocusEconomics Consensus Forecast participants see private consumption rising 5.2% in 2013, which is down 0.1 percentage points from last month's forecast. For 2014, panellists expect private consumption growth at 5.3%.


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Indonesia Retail Chart

Indonesia Retail April 2013

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

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