Indonesia Retail

Indonesia

Indonesia: Retail sales maintain high growth rate in May despite deceleration

July 15, 2014

Retail sales expanded 15.0% over the same month last year in May according to Bank Indonesia’s Retail Sales Survey (RSS). The expansion marked a modest deceleration compared to the revised 15.9% rise observed in April (previously reported: +16.2% year-on-year). Despite the slowdown, the result represented the seventh consecutive month in which growth was at 15.0% or higher. According to the Bank, May’s expansion was driven by higher sales of information and communication equipment and of automotive fuels.

Annual average growth in retail sales increased from 15.7% in April to 15.9% in May, which marked the highest level in more than three years. According to the survey, retailers expect sales to have slowed in June to an 11.8% year-on-year growth rate.

FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2014, which is unchanged from last month’s forecast. For 2015, panelists see growth in private consumption at 5.2%.


Author:, Economist

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Indonesia Retail Chart


Indonesia Retail May 2014

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


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