Indonesia Retail

Indonesia

Indonesia: Growth in retail sales stays strong in June

July 17, 2015

Retail sales in June expanded 22.9% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion was stronger than the 20.5% rise observed in the previous month. According to the Bank, June’s expansion was driven by strong growth of sales of information and communication equipment as well as of food, beverages and tobacco.

Annual average growth in retail sales increased 14.6% in May to 15.8% in June, which marked the highest result in seven months. According to the survey, retailers expect sales to slide to a 2.1% annual growth rate due to weaker consumer spending during Ramadan.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2015, which is unchanged from last month’s forecast. For 2016, panelists see growth in private consumption at 5.4%.


Author:, Economist

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Indonesia Retail Chart


Indonesia Retail June 2015

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


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