Indonesia: Retail sales slow in April
June 1, 2012
In April, retail sales expanded 10.5% over the same month last year, according to Bank Indonesia's Retail Sales Survey (RSS). The reading was below the 12.5% increase observed in March (previously reported: +12.8% year-on-year) but, nonetheless, marked the sixth consecutive month of double-digit growth. Sales of household equipment as well as of other goods led the expansion in April. As a result of the monthly expansion, annual average growth edged up from 10.1% in March to 10.4% in April. According to the survey, retailers expect short-term sales (three to six months ahead) to continue to increase, which implies sustained growth in private consumption going forward.