Retail Sales in Indonesia

Indonesia Retail Sales | Economic News & Forecasts

Indonesia - Retail Sales

Growth in retail sales picks up in February

In February, retail sales grew 9.1% over the same month in the prior year, up from January’s 7.2% figure but slightly below the Bank’s initial estimate of 10.9%. February’s figure was driven by healthy expansions in all subsectors except information and communication equipment. February’s figure was likely buoyed by government fiscal support to working-class voters in the build-up to the April 2019 general elections, and muted price pressures supporting consumers’ purchasing power.

Retail sales are likely to remain firm in the coming months thanks to ongoing public spending measures and mild inflation. Indeed, according to the Bank of Indonesia’s survey, retail sales should have grown 8.0% in March.

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 Yield8.16-0.05 %Jan 30
Exchange Rate14,1300.05 %Jan 30
Stock Market6,464-0.32 %Jan 30

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