Indonesia Retail October 2016

Indonesia

Indonesia: Growth in retail sales moderates in October

December 9, 2016

Retail sales in October expanded 7.6% on a year-on-year basis, below September’s revised figure of 10.6% (previously reported: 6.6%), according to Bank Indonesia’s Retail Sales Survey (RSS). According to the Bank, October’s deceleration was driven mainly by slower growth in sales of food, beverages, tobacco and household equipment.

Annual average growth in retail sales was 11.0% in October, virtually mirroring September’s 11.1% rise. According to the survey, retailers expect sales to pick up slightly in November and post 7.9% growth.

FocusEconomics Consensus Forecast participants see private consumption rising 5.2% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see growth in private consumption at 5.3%.


Author:, Economist

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Indonesia Retail Chart


Indonesia Retail October 2016 0

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


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