Retail Sales in Indonesia
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
|Retail Sales (annual variation in %)||12.9||14.5||13.3||11.0||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Indonesia Retail Sales Chart
Source: Bank Indonesia.
|Bond Yield||8.16||-0.05 %||Jan 30|
|Exchange Rate||14,130||0.05 %||Jan 30|
|Stock Market||6,464||-0.32 %||Jan 30|
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April 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.5 billion in March, contrasting market expectations of a deficit but down from the USD 1.1 billion surplus registered in the same month of the prior year.
April 10, 2019
On 17 April Indonesian voters head to the polls to elect a new president and parliament.
April 9, 2019
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%.
April 1, 2019
Conditions in Indonesia’s manufacturing sector improved in March according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI increasing from 50.1 in February to 51.2.
April 1, 2019
Consumer prices increased 0.11% in March from the previous month, contrasting February’s 0.08% decline.