Indonesia Retail


Indonesia: Retail sales growth slows in March

May 17, 2013

In March, retail sales expanded 10.2% over the same month last year, according to Bank Indonesia's Retail Sales Survey (RSS). The reading was below the 13.5% rise observed in February (previously reported: +13.9% year-on-year). According to the Bank, lower sales of motor vehicles parts and accessories as well as of food, beverages and tobacco led the deceleration in March.

As a result of the lower annual reading, annual average growth edged down from 14.1% in February to 13.9% in March. That said, according to the survey, retailers expect growth in short-term sales (three to six months ahead) to continue to rise.

FocusEconomics Consensus Forecast participants see private consumption rising 5.4% in 2013, which is unchanged from last month's forecast. For 2014, panellists expect private consumption growth at 5.3%.


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Indonesia Retail Chart

Indonesia Retail March 2013

Note: Year-on-year and annual average variation in %.
Source: Bank Indonesia (BI) and FocusEconomics calculations.

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