Latest reading: Retail sales increased 5.8% on a year-on-year basis in September, following a 3.5% increase in the prior month....
Retail Sales in Indonesia
The Indonesian economy recorded an average growth rate of 4.4% in retail sales over the decade to 2024, below ASEAN's average of 4.4%. In 2024, Indonesia's retail sales growth was 3.1%.
Indonesia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Indonesia from 2024 to 2015.
Source: Macrobond.
Indonesia Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | -11.9 | 0.0 | 6.0 | 1.5 | 3.1 |
Retail sales growth speeds up in September
Latest reading: Retail sales increased 5.8% on a year-on-year basis in September, following a 3.5% increase in the prior month. Relative to the prior month's figures, readings in September improved for food, beverages, and tobacco (+7.3% on a year-on-year basis vs +4.8% in August), information and communication equipment (-27.2% vs -28.9% in August) and cultural and recreation goods (+4.0% vs +2.5% in August). In contrast, readings worsened for motor vehicles, parts and accessories (+10.9% vs +11.3% in August) and automotive fuels (+10.3% vs +11.7% in August).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indonesian retail projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Indonesian retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian retail projections.
Want to get access to the full dataset of Indonesian retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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Indonesia: Retail sales growth speeds up in September -
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