Indonesia: Retail sales accelerate in June
August 1, 2012
In June, retail sales expanded 13.6% over the same month last year, according to Bank Indonesia's Retail Sales Survey (RSS). The reading was above the 8.0% increase observed in May and marked, in fact, the fastest pace of expansion since January. The result mainly reflected an increase in food, beverages and tobacco as well as in other household equipment. As a result of the faster monthly expansion, annual average growth edged up from 10.4% in May to 10.6% in June. According to the survey, retailers expect short-term sales (three to six months ahead) to continue to increase, which implies sustained growth in private consumption going forward.