Indonesia Retail March 2018


Indonesia: Retail sales accelerate modestly in March

May 11, 2018

In March, retail sales rose 2.5% over the same month last year, coming in above February’s 1.5% increase and market expectations of a 1.7% increase. Growth was driven by higher sales of motor vehicles and food and beverages.

The trend, however, continued to point downwards in March, and annual average growth came in at a multi-year low of 1.9% (February: 2.1%). According to the Bank of Indonesia’s March retail sales survey, retailers expected sales to grow 3.4% year-on-year in April.

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%.

Author: Jean-Philippe Pourcelot, Economist

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Indonesia Retail Chart

Indonesia Retail March 2018

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

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