Retail sales in Indonesia tumbled by 16.4 percent year-on-year in January 2021, after plunging by 19.2 percent a month earlier. This marked the fourteen straight month of fall in retail trade, amid the prolonged impact caused by the COVID-19 crisis that made people to stay at home most of their time. Sales dropped less for information & communication equipment (-38.8% vs -39.2% in December 2020), food, beverages & tobacco dropped (-7.0% vs -10.3%), clothing (-46.3% vs -59.7%). Meantime, sales continued to decrease for fuel (-17.1% vs -12.0%), home appliances (-25.8% vs -25.0%), cultural & recreational goods (-53.0% vs -40.0%) and automotive parts & accessories (-22.1% vs -20.0%). On a monthly basis, retail sales declined by 4.3 percent in January, reversing from a 4.8 percent growth in December. source: Bank Indonesia
Retail Sales YoY in Indonesia averaged 7.76 percent from 2006 until 2021, 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. This page provides - Indonesia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Retail Sales YoY in Indonesia is expected to be -5.50 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 5.10 in 12 months time. In the long-term, the Indonesia Retail Sales YoY is projected to trend around 5.10 percent in 2022, according to our econometric models.