Latest reading: Retail sales increased 0.2% in month-on-month seasonally adjusted terms in May, which was a deterioration from April’s 0.8%...
Retail Sales in Indonesia
The Indonesian economy recorded an average growth rate of 14.5% in retail sales over the decade to 2024, below ASEAN's average of 14.5%. 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 rebound in May
Latest reading: Retail sales rose 2.6% year on year in May (April: -0.3% yoy). The rebound was partly driven by faster growth in food, beverages, and tobacco sales. Moreover, cultural and recreation goods sales gained steam, while information and communication equipment sales declined at a softer pace than in the previous month. In contrast, motor vehicles, parts and accessories sales lost steam. Meanwhile, the trend improved modestly, with the annual average growth of retail sales coming in at 2.7%, up from April's 2.6%.
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 3 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.
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