Indonesia Retail July 2017

Indonesia

Indonesia: Retail sales drop in July due to timing of Ramadan

September 11, 2017

In July, retail sales decreased 3.3% over the same month last year, contrasting June’s 6.3% increase. The result marked the first contraction in over five years. The drop was largely due to a seasonal drop in demand caused by the Ramadhan and Eid-ul-Fitr holidays. Sales of food and beverages fell in July along with sales of automotive fuels.

The trend pointed downwards in July and annual average growth came in at a multi-year low of 6.2%, after recording 7.1% in June. According to the survey, retailers expect sales to rebound in August and rise 5.3%.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see growth in private consumption at 5.2%.


Author: Angela Bouzanis, Senior Economist

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Indonesia Retail Chart


Indonesia Retail July 2017

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


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