Indonesia Retail May 2021

Indonesia

Indonesia: Retail sales growth loses pace in May

July 10, 2021

Retail sales grew 14.7% year-on-year in May (April: +15.6% yoy). The slowdown was partly due to a deterioration in food, beverages, and tobacco sales. In contrast, motor vehicles, parts and accessories sales gained steam. Lastly, cultural and recreation goods sales accelerated, while information and communication equipment sales fell at a softer pace than in the prior month.

Meanwhile, the trend improved, with the annual average variation of retail sales coming in at minus 10.3% in May, up from April's minus 13.1%.

The Central Bank expects retail sales to have expanded a softer 4.5% in June.

FocusEconomics Consensus Forecast participants see private consumption rising 4.7% in 2021, which is down 0.2 percentage points from last month’s forecast. For 2022, panelists see private consumption increasing 5.3%.


Author: Massimo Bassetti, Senior Economist

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Indonesia Retail Chart


Indonesia Retail May 2021

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


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