Retail Sales in Indonesia

Indonesia Retail Sales | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)12.9  14.5  13.3  11.0  2.9  

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Indonesia Retail Sales Chart


Indonesia Retail
Note: Annual variation of retail sales in %.
Source: Bank Indonesia.

Indonesia Facts

ValueChangeDate
Bond Yield7.38-0.05 %Jul 31
Exchange Rate14,0170.05 %Jul 31
Stock Market6,391-0.32 %Jul 31

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