Indonesia Retail

Indonesia

Indonesia: Retail sales growth slows sharply in December

February 9, 2015

Retail sales in December expanded 4.3% over the same month of the previous year, according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion was well below the 11.5% rise observed in November. According to the Bank, December’s expansion was driven by strong growth of sales of information and communication equipment. Sales of automotive fuels, as well as food, beverages and tobacco also increased in December, although at much lower rates compared to November.

Annual average growth in retail sales decreased from 16.7% in November to 14.5% in December. According to the survey, retailers expect sales to pick up in January to a 12.5% annual growth rate.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2015, which is unchanged from last month’s forecast. For 2016, panelists see growth in private consumption at 5.4%.


Author:, Economist

Sample Report

Looking for forecasts related to Retail in Indonesia? Download a sample report now.

Download

Indonesia Retail Chart


Indonesia Retail December 2014

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


Indonesia Economic News

More news

Search form