Indonesia Retail June 2022


Indonesia: Retail sales expand at quickest pace in over a year in June

July 11, 2022

Retail sales rose 15.4% year on year in June (May: +2.9% yoy). The print marked the best result since April 2021. June's upturn was primarily due to pickups in food, beverages, and tobacco and motor vehicles, parts and accessories sales. Conversely, cultural and recreation goods sales lost pace, while information and communication equipment sales dipped at a steeper pace than in the previous month.

Meanwhile, annual average retail sales growth rose to 7.2% in June (May: +6.1%). This signals an improving trend in the retail trade sector.

FocusEconomics Consensus Forecast participants see private consumption rising 5.0% in 2022, which is up 0.2 percentage points from last month’s forecast. For 2023, panelists see private consumption increasing 5.1%.

Author:, Junior Economist

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Indonesia Retail Chart

Indonesia Retail June 2022

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

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