In May, retail sales expanded 8.0% over the same month last year, according to Bank Indonesia's Retail Sales Survey (RSS). The reading was below the 11.7% increase observed in April (previously reported: +10.5% year-on-year) and, in fact, marked the slowest pace of expansion since October 2011. The result mainly reflected a decline in automotive fuels as well as weaker expansion in information and communication equipment. As a result of the slower monthly expansion, annual average growth inched down from 10.5% in April to 10.4% in May. According to the survey, retailers expect short-term sales (three to six months ahead) to continue to increase, which implies sustained growth in private consumption going forward.
Retail sales growth slows to seven-month low in May
July 2, 2012
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Indonesia Retail Chart
Note: Year-on-year and annual average variation in %.
Source: Bank Indonesia (BI) and FocusEconomics calculations.
Indonesia Economic News
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.
September 22, 2016
At its 21–22 September monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.25% to 5.00%.