Retail sales in Indonesia dropped by 2.9 percent year-on-year in July 2021, reversing sharply from a 2.5 percent rise a month earlier. This marked the first time decline in retail trade since March, amid further restriction measures to contain the spread of the coronavirus. Sales decreased for clothing (-16.0% vs 39.9% in June), automotive parts & accessories (-13.5% vs 22.8%), cultural & recreational goods (-20.0% vs -4.5%), information & communication equipment (-36.4% vs –31.8%), home appliances (-22.3% vs -5.7%).In addition, sales grew less for both food, beverages & tobacco (6.7% vs 7.3%) and fuel (4.5% vs 47.4%). On a monthly basis, retail sales fell by 5.0 percent in July, the second straight month of decline, following a 12.8 percent plunge in June. source: Bank Indonesia
Retail Sales YoY in Indonesia averaged 7.58 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 September of 2021.
Retail Sales YoY in Indonesia is expected to be 15.50 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 6.00 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.