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.