Indonesia Retail June 2018

Indonesia

Indonesia: Growth in retail sales slips in June

August 8, 2018

In June, retail sales grew 2.3% over the same month last year, down from May’s 8.3% rise—which had marked an over one-year high. June’s slowdown was largely caused by the end of Ramadan on 14 June, and was driven by sharp contractions in electronics and clothing sales. Annual average retail sales growth decreased from 2.3% in May to 1.9% in June.

According to the Bank of Indonesia’s June retail sales survey, retail sales are expected to have grown 3.4% in July thanks to strong clothing sales growth—buttressed by the start of the new school year in mid-July—and disbursements to civil servants and retirees.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2018, which is unchanged from last month’s forecast. For 2019, panelists see growth in private consumption broadly steady at 5.2%.


Author:, Economist

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Indonesia Retail Chart


Indonesia Retail June 2018

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


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