Retail Sales in Indonesia
Indonesia - Retail Sales
Retail sales contract in June, soft outturn seen in July
In June, retail sales fell 1.8% year-on-year, contrasting May’s 7.7% expansion and missing the Central Bank’s initial estimate of a 2.2% expansion. June’s decline came amid lower sales of food and fuel. However, the decline was due in part to the timing of Ramadan, which fell almost entirely in May this year—consumer spending tends to rise during Ramadan. The ebbing impact of pre-election public spending could have also played a role. According to the Bank of Indonesia’s survey, retail sales should have grown 2.3% in July.
Despite soft retail sales readings for June and July, the outlook for private consumption is fairly positive, thanks to solid wage growth and mild price pressures.
FocusEconomics Consensus Forecast participants see private consumption rising 5.2% in 2019 and 5.2% again in 2020.
Indonesia - Retail Sales Data
|Retail Sales (annual variation in %)||12.9||14.5||13.3||11.0||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Retail Sales Chart
Source: Bank Indonesia.
|Bond Yield||7.38||-0.05 %||Jul 31|
|Exchange Rate||14,017||0.05 %||Jul 31|
|Stock Market||6,391||-0.32 %||Jul 31|
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August 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 0.1 billion in July, contrasting June’s USD 0.3 billion surplus.
August 8, 2019
In June, retail sales fell 1.8% year-on-year, contrasting May’s 7.7% expansion and missing the Central Bank’s initial estimate of a 2.2% expansion.
August 5, 2019
The economy expanded 5.0% in Q2 2019, according to recent data released by Statistics Indonesia.
August 1, 2019
Conditions in Indonesia’s manufacturing sector worsened in July, according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 50.6 in June to 49.6.
August 1, 2019
Consumer prices increased 0.31% over the prior month in July, down from June’s 0.55% uptick, and driven by higher prices for food and clothing.