Retail Sales in Indonesia
Indonesia - Retail Sales
Decline in retail sales softens in August
Retail sales declined 2.1% compared to the same month of the previous year in August, which was above July's 2.9% decrease. Looking at the details of the release, food, beverages, and tobacco sales grew at a softer pace in August, while motor vehicles, parts and accessories sales dropped at a milder pace. Lastly, cultural and recreation goods sales fell at a softer rate, while information and communication equipment sales declined at a softer pace than in the previous month.
Meanwhile, the trend improved, with the annual average variation of retail sales coming in at a one-year high of minus 7.3%, up from July's minus 7.9% reading.
FocusEconomics Consensus Forecast participants see private consumption rising 5.5% in 2022, which is unchanged from last month’s forecast. For 2023, panelists see private consumption increasing 4.7%.
Indonesia - Retail Sales Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 13.3 | 11.0 | 2.9 | 3.7 | 3.9 |
Indonesia Retail Sales Chart
Source: Bank Indonesia.
Indonesia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.10 | -0.05 % | Dec 31 |
| Exchange Rate | 13,883 | 0.05 % | Jan 01 |
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Economic News
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Indonesia: Central Bank holds fire in October
October 22, 2021
At its monetary policy meeting held on 18–19 October, Bank Indonesia (BI) decided to leave the seven-day reverse repo rate at the all-time low of 3.50%, where it has been since February.
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Indonesia: Decline in retail sales softens in August
October 15, 2021
Retail sales declined 2.1% compared to the same month of the previous year in August, which was above July's 2.9% decrease.
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Indonesia: Merchandise exports grow at a slower pace in September
October 15, 2021
Merchandise exports shot up 47.6% in annual terms in September, following August’s 64.1% upturn.
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Indonesia: Inflation stable in September
October 1, 2021
Consumer prices dipped a seasonally-adjusted 0.04% over the previous month in September, contrasting the 0.03% rise logged in August.
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Indonesia: Manufacturing PMI returns to growth in September
October 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) jumped to 52.2 in September, from August's 43.7.
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