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Indonesia Retail August 2018

Indonesia: Growth in retail sales surges in August

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

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