Retail sales in Indonesia declined by 9.2 percent year-on-year in August 2020, after a 12.3 percent fall a month earlier. This marked the ninth straight month of fall in retail trade, but the weakest pace since March, 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 most categories: clothing (-64.9 percent vs -66.5 percent in July), cultural & recreational goods (-38.2 percent vs -38.7 percent), fuel (-23.5 percent vs -26.1 percent), automotive parts & accessories (-25.2 percent vs -33.7 percent). In addition, sales of food, beverages & tobacco rebounded (2.7 percent vs -1.9 percent). Meantime, sales fell faster for both home appliances (-24.5 percent vs -21.3 percent) and information & communication equipment (-19.2 percent vs -17.3 percent). On a monthly basis, retail sales increased by 1.3 percent in August, after a 0.3 percent rise in July.
Retail Sales YoY in Indonesia averaged 8.41 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 October of 2020. source: Bank Indonesia
Retail Sales YoY in Indonesia is expected to be 5.00 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 5.50 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.