Indonesia Retail November 2020


Indonesia: Retail sales deteriorate in November

January 12, 2021

Retail sales plunged 16.3% in November (October: -14.9% yoy). The sharper drop was largely driven by a deterioration in food, beverages, and tobacco sales as well as in information and communication equipment sales. Meanwhile, motor vehicles, parts and accessories sales and cultural and recreation goods sales continued to fall at a sharp pace.

Meanwhile, the trend pointed down, with the annual average variation of retail sales coming in at minus 10.3%, down from October's minus 8.9%.

FocusEconomics Consensus Forecast participants see private consumption rising 4.7% in 2021, which is down 0.2 percentage points from last month’s forecast. For 2022, panelists see private consumption increasing 5.3%.

Author: Massimo Bassetti, Senior Economist

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Indonesia Retail Chart

Indonesia Retail November 20 20 0

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

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