Indonesia Retail August 2018


Indonesia: Growth in retail sales surges in August

October 10, 2018

In August, retail sales grew 6.1% over the same month last year, up markedly from July’s 2.9% expansion and markedly beating the Bank’s initial estimate of 2.8%. The reading was largely driven by faster growth in the clothing; food, beverages and tobacco; and household equipment sub-sectors. Annual average retail sales growth increased from 2.5% in July to 2.8% in August.

According to the Bank of Indonesia’s survey, retail sales should have grown 3.7% in September.

Indonesia Private Consumption Forecast

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%, which is also unchanged from last month’s forecast.

Author:, Economist

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Indonesia Retail Chart

Indonesia Retail August 2018

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

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