Indonesia skyline

Indonesia Retail October 2019

Indonesia: Retail sales gain momentum in October

In October, retail sales increased 3.6% year-on-year, a marked improvement from September’s 0.7% expansion and beating the Central Bank’s initial estimate of 2.9% growth. October’s reading came on the back of stronger food, beverages and tobacco sales. The Bank expects retail sales to have expanded 3.4% in November.

The uptick in retail sales so far in Q4 can likely be linked in part to considerable monetary easing in recent months, in the form of lower interest rates and macroprudential policy tweaks. Going forward, the outlook for private consumption is fairly positive, thanks to the ongoing impact of past easing, and a solid labor market.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen