Indonesia: Growth in retail sales decelerates in February
April 18, 2017
Indonesian retail sales in February expanded 3.7% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion was below the 6.3% increase observed in January and marked a multi-year low. According to the Bank, slower growth in sales of food, beverages and tobacco, along with falling sales of automotive fuels, drove the result.
Annual average growth in retail sales fell from January’s 10.4% to 9.8%. According to the survey, retailers expect sales growth to fall to 2.6% in March.