Retail Sales in Indonesia
Indonesia - Retail Sales
Growth in retail sales accelerates in December
In December, retail sales grew 7.7% over the same month in the prior year, up from November’s 3.4% expansion and matching the Bank’s initial estimate. December’s uptick was driven by faster growth in the food, beverages and tobacco; motor vehicle parts and accessories; cultural and recreation goods; and other household equipment subsectors. December’s figure was likely buoyed by government fiscal support to working-class voters in the build-up to the April 2019 general elections.
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 4.8% in January.
FocusEconomics Consensus Forecast participants see private consumption rising 5.2% in 2019 and 5.1% 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||7.97||-0.05 %||Feb 14|
|Exchange Rate||14,090||0.05 %||Feb 14|
|Stock Market||6,420||-0.32 %||Feb 14|
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
February 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.2 billion in January, once more coming in wider than market expectations.
February 11, 2019
In December, retail sales grew 7.7% over the same month in the prior year, up from November’s 3.4% expansion and matching the Bank’s initial estimate.
February 6, 2019
The economy expanded 5.2% in the fourth quarter according to recent data released by Statistics Indonesia, matching Q3’s reading and FocusEconomics panelists’ expectations.
February 1, 2019
Conditions in Indonesia’s manufacturing sector largely stagnated in January according to the Purchasing Managers’ Index (PMI) released by IHS Markit and Nikkei, with the PMI decreasing from 51.2 in December to 49.9 in January.
February 1, 2019
Consumer prices increased 0.32% in January from the previous month, down from December’s 0.62% increase.