Indonesia Retail

Indonesia

Indonesia: Retail sales decelerate in June

August 12, 2014

Retail sales in June expanded 8.6% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion marked a deceleration compared to the revised 14.7% rise observed in May (previously reported: +15.0% year-on-year). The result represented the first annual growth rate below 10.0% since August of last year. According to the Bank, June’s expansion was driven by strong ongoing growth of sales of information and communication equipment. Meanwhile, sales of food, beverages and tobacco, as well as of automotive fuels, were weaker in June.

Annual average growth in retail sales decreased from 15.9% in May to 15.3% in June, which marked the lowest level in three months. According to the survey, retailers expect sales to pick up in July to a 12.3% yoy growth rate.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2014, which is unchanged from last month’s forecast. For 2015, panelists see growth in private consumption at 5.2%.


Author:, Economist

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Indonesia Retail Chart


Indonesia Retail June 2014

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


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