Indonesia Retail July 2021


Indonesia: Retail sales dip in July

September 10, 2021

Retail sales decreased 2.9% year-on-year in July (June: +2.5% yoy). The notable weakening was largely driven by a deterioration in food, beverages, and tobacco sales. In addition, motor vehicles, parts and accessories sales fell heavily. Lastly, cultural and recreation goods sales decreased at a sharper rate, while information and communication equipment sales fell at a steeper pace than in the prior month.

Meanwhile, the trend improved notably, with the annual average variation of retail sales coming in at minus 7.9% in July, up from June's minus 8.7%.

The Central Bank expects retail sales to have fallen 6.2% in July.

FocusEconomics Consensus Forecast participants see private consumption rising 3.3% in 2021, which is down 0.5 percentage points from last month’s forecast. For 2022, panelists see private consumption increasing 5.6%.

Author: Massimo Bassetti, Senior Economist

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Indonesia Retail Chart

Indonesia Retail July 2021

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

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