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Indonesia Retail October 2023

Indonesia: Retail sales growth gains steam in October

Retail sales grew 1.8% in year-on-year terms in October, which followed September’s 1.5% increase. The improvement came on the back of upturns in sales of food, beverages, and tobacco and motor vehicles, parts and accessories. However, cultural and recreation goods sales declined at a sharper rate, and information and communication equipment sales dipped at a steeper pace than in the prior month as well.

Meanwhile, annual average retail sales growth fell to 1.4% in October (September: +1.5%), signaling a slightly worsening trend in the retail trade sector.

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