Retail Sales in Indonesia

Indonesia Retail Sales | Economic News & Forecasts

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  

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Indonesia Retail Sales Chart

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

Indonesia Facts

Value Change Date
Bond Yield7.10-0.05 %Dec 31
Exchange Rate13,8830.05 %Jan 01

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