Indonesia Retail April 2022


Indonesia: Retail sales fall at sharpest rate since September 2021 in April

May 9, 2022

Retail sales decreased 0.5% in year-on-year terms in April, which contrasted March's 9.3% increase. April's outturn marked the worst reading since September 2021. The notable downturn was primarily due to decelerating food, beverages and tobacco, and motor vehicles, parts and accessories sales. Lastly, cultural and recreation goods sales decreased at a sharper rate.

Consequently, annual average retail sales growth fell to 6.3% in April (March: +7.7%). This signals a worsening trend in the retail trade sector.

FocusEconomics Consensus Forecast participants see private consumption rising 4.7% in 2022, which is down 0.2 percentage points from last month’s forecast. For 2023, panelists see private consumption increasing 5.3%.

Author:, Junior Economist

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Indonesia Retail Chart

Indonesia Retail April 2022

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

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