Indonesia Retail April 2016

Indonesia

Indonesia: Growth in retail sales moderates in April

June 9, 2016

Retail sales in April expanded 10.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion was below the revised 11.1% increase (previously reported: +11.6% year-on-year) observed in the previous month. According to the Bank, April’s expansion was party driven by sales of information and communication equipment as well as household equipment, along with information and communication equipment.

Annual average growth in retail sales edged down from a revised 12.3% in March (previously reported: +12.4%) to 11.4% in April. According to the survey, retailers expect sales to ease in May to an 11.3% annual increase.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2016, which is unchanged from last month’s forecast. For 2017, panelists see growth in private consumption at 5.2%.


Author: Angela Bouzanis, Senior Economist

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Indonesia Retail Chart


Indonesia Retail April 2016

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


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