Indonesia: Growth in retail sales moderates in October
December 14, 2016
Indonesian retail sales in October expanded 7.6% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion was below the revised 10.6% increase observed in the previous month (previously reported: +6.6% year-on-year). According to the Bank, October’s deceleration was driven partly by slower growth in sales of food, beverages and tobacco.
Annual average growth in retail sales inched down from September’s 11.1% to 11.0% in October. According to the survey, retailers expect sales to rise to a 7.9% annual increase in November.