Indonesia Retail


Retail sales maintain robust pace of growth in October

In October, retail sales expanded 19.0% over the same month last year, according to Bank Indonesia's Retail Sales Survey (RSS). The reading was slightly below the 19.2% increase observed in September (previously reported: +22.0% year-on-year). Sales of household equipment as well as of information and communication equipment led the expansion in October.

As a result of the strong monthly increase, annual average growth picked up from 12.6% in September to 13.6% in October. Moreover, according to the survey, retailers expect growth in short-term sales (three to six months ahead) to continue to rise.


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Indonesia Retail Chart

Indonesia Retail October 2012

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

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