Indonesia: Growth in retail sales accelerates in December
February 15, 2017
Indonesian retail sales in December expanded 10.5% over the same month of the previous year, according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion was above the revised 9.9% increase observed in November (previously reported: +10.1% year-on-year). According to the Bank, faster growth was reported in four of the seven sectors surveyed with sales of food, beverages and tobacco picking up notably.
Annual average growth in retail sales inched down from November’s 11.1% to 11.0%. According to the survey, retailers expect sales to lose steam and grow 9.5% in January.