Retail sales in Indonesia jumped by 10.8 percent year-on-year in November of 2021, accelerating sharply from a 6.5 percent rise a month earlier. This was the second straight month of increase in retail trade and the strongest growth since May, amid easing COVID-19 restrictions, soaring vaccinations and a low base effect from last year. Sales grew faster for both food beverages & tobacco (19.1% vs 14.5% in October) and fuels (33.8 vs 29.4%). In addition, sales dropped much less for automotive parts & accessories (-3.3% vs -6.6%), information & communication equipment (-15.7% vs -18.9%), home appliances (-16.4% vs -20.3%). At the meantime, sales continued to fall for both clothing (-4.9% vs -4.2%) and cultural & recreational goods (-14.4% vs -12.0%). On a monthly basis, retail sales grew by 2.8 percent, slowing from a 3.2 percent rise in October. source: Bank Indonesia
Retail Sales YoY in Indonesia averaged 7.41 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 January of 2022.
Retail Sales YoY in Indonesia is expected to be 10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia Retail Sales YoY is projected to trend around 5.10 percent in 2023, according to our econometric models.