Indonesia Retail

Indonesia

Indonesia: Retail sales accelerate further in April

June 12, 2015

Retail sales in April expanded 22.3% over the same month of last year, according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion was higher than the 19.7% rise observed in March and marked the strongest result in over a year. According to the Bank, April’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 from 13.6% in March to 14.1% in April. According to the survey, retailers expect sales to stay strong in May with a 20.8% annual growth rate.

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 April 2015

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


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