Indonesia´s retail trade increased 7.2 percent year-on-year in January of 2019, below a 7.7 percent rise in the previous month. Sales rose softer for food, beverages and tobacco (8.9 percent from 9.1 percent in December); motor furl (11.1 percent from 13.7 percent); and other household equipment (8.2 percent from 8.4 percent) and went up at a faster pace for cultural and recreational goods (21.5 percent from 14.4 percent). On a monthly basis, retail sales dropped 7.7 percent, after a 10.6 percent rise in December. Retail Sales YoY in Indonesia averaged 9.69 percent from 2006 until 2019, reaching an all time high of 40.30 percent in January of 2010 and a record low of -26.30 percent in November of 2008.
Retail Sales YoY in Indonesia is expected to be 3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Indonesia to stand at 3.90 in 12 months time. In the long-term, the Indonesia Retail Sales YoY is projected to trend around 5.10 percent in 2020, according to our econometric models.