Retail sales in Indonesia declined by 4.5 percent year-on-year in March 2020, after a 0.8 percent drop in the previous month. This was the fourth straight month of decline in retail trade, and the steepest fall since September 2011, amid restriction measures that led consumers to stay at home. There were seen lower purchases of clothing (-60.5 percent vs -40.4 percent in February), information & communication equipment (-7.6 percent vs -4 percent), cultural & recreational goods (-20.5 percent vs -16.8 percent), and fuel (-18.7 percent vs -4.6 percent). By contrast, food, beverages & tobacco trade growth accelerated to 3.7 percent from 3.2 percent. On a monthly basis, retail sales rose 1.6 percent in March, the first increase since last December, following a 0.5 percent drop in February.
Retail Sales YoY in Indonesia averaged 9.24 percent from 2006 until 2020, 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 May of 2020. source: Bank Indonesia
Retail Sales YoY in Indonesia is expected to be 6.00 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 2021, according to our econometric models.