Indonesia: Retail sales growth picks up pace in July
August 10, 2022
Retail sales increased 8.7% year on year in July (June: +4.1% yoy). Looking at the details of the release, motor vehicles, parts and accessories sales plus cultural and recreation goods sales gained steam. Conversely, information and communication equipment sales contracted at a softer pace than in June, while food, beverages, and tobacco sales slowed.
Meanwhile, annual average retail sales growth rose to 7.2% in July (June: +6.2%). This signals an improving trend in the retail trade sector.
Author: Jonuel Pérez, Junior Economist