Retail sales in Indonesia increased by 1.3 percent year-on-year in November 2022, slowing from a 3.7 percent rise a month earlier. This was the fourteenth straight month of increase in retail sales but the softest pace since November 2019 amid rising cost pressures and the impact of higher interest rates. Sales rose at a softer rate for both food, beverages, and tobacco (4.8% vs 8.0% in October) and clothing (17.1% vs 25.3%), amid declines in sales of automotive parts & accessories (-9.5% vs -5.2%), fuels (-5.7% vs 0.5%), home appliances (-14.2% vs -14.8%), and information & communication (-16.3% vs -20.7%). On the other hand, sales accelerated for cultural & recreational goods (5.8% vs 3.7%). source: Bank Indonesia
Retail Sales YoY in Indonesia averaged 7.40 percent from 2006 until 2022, 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 2023.
Retail Sales YoY in Indonesia is expected to be 2.40 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 3.70 percent in 2024, according to our econometric models.