Indonesia Retail February 2017

Indonesia

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.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see growth in private consumption at 5.2%.


Author: Angela Bouzanis, Senior Economist

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Indonesia Retail Chart


Indonesia Retail February 2017

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


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