Indonesia skyline

Indonesia Retail August 2020

Indonesia: Decline in retail sales softens in August

Retail sales decreased 9.2% in year-on-year terms in August, which was a smaller contraction than July’s 12.3% decrease. The reading marked the best result since March.

Looking at the details of the release, August’s improvement was broad-based, with the food, beverages, and tobacco subsector returning to growth, and the motor vehicles, parts and accessories subsector contracting at a softer pace.

Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 6.7% in August, down from July’s minus 5.8%.

The Central Bank expects retail sales to have contracted a milder 7.3% in September. However, readings for Q3 as a whole still suggest depressed consumer spending in the period, as elevated new Covid-19 cases held back the recovery.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest