Poland: Retail sales growth speeds up in May
Retail sales grew 5.4% in year-on-year terms in May, which was above April’s 4.3% increase. Looking at the details of...
Retail Sales in Indonesia
The Indonesian economy recorded an average growth rate of 5.6% in retail sales in the decade leading to 2022, below the 8.2% average for the Asia-Pacific region. In 2022, retail sales growth in Indonesia was 6.0%.
Indonesia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Indonesia from 2016 to 2015.
Source: Macrobond.
Indonesia Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 3.8 | -11.9 | 0.0 | 6.0 | 1.5 |
Retail sales growth improves in June
Retail sales rose 4.4% year on year in June (May: +2.1% yoy). The uptick was largely due to an improvement in food, beverages, and tobacco sales. In contrast, motor vehicles, parts and accessories sales lost steam. Lastly, cultural and recreation goods sales dropped at a weaker rate, while information and communication equipment sales contracted at a softer pace than in the prior month. Meanwhile, annual average retail sales growth fell to 2.4% in June (May: +2.7%). This signals a worsening trend in the retail trade sector.
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 1 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.
Latest Global Retail News
-
-
United Kingdom: Retail sales dip in June
Retail sales fell 1.2% in month-on-month seasonally adjusted terms in June, which contrasted May’s 2.9% increase and was a much... -
Luxembourg: Retail sales growth improves in May
Retail sales rebounded 1.7% in May on a seasonally and calendar-adjusted month-on-month basis, improving from April’s 4.0% decline. Meanwhile, annual... -
United States: Retail sales beat market expectations in June
Retail sales were flat in month-on-month seasonally adjusted terms in June, which contrasted May’s 0.3% increase but beat expectations for... -
Indonesia: Retail sales growth improves in June
Retail sales rose 4.4% year on year in June (May: +2.1% yoy). The uptick was largely due to an improvement... -
Australia: Retail sales growth speeds up in May
Retail sales grew 0.6% month-on-month in seasonally adjusted terms in May (April: +0.1% mom), easily exceeding market expectations and marking... -
Hong Kong: Decline in retail sales softens in May but remains marked
Retail sales dropped 12.8% in year-on-year terms in May, which was above April’s 16.5% decrease. The smaller contraction was due...