Retail sales in Indonesia plunged by 18.1 percent year-on-year in February 2021, after tumbling by 16.4 percent a month earlier. This marked the fifteenth straight month of decline in retail trade, amid the prolonged impact caused by the COVID-19 crisis that made people to stay at home most of their time. Sales fell faster for information & communication equipment (-39.7% vs -38.8% in January), food, beverages & tobacco dropped (-9.8% vs -7.0%), fuel (-17.6% vs -17.1%), home appliances (-27.4% vs -25.8%), cultural & recreational goods (-61.0% vs -53.0%). Meantime, sales continued to decrease for both clothing (-41.3% vs -46.3%) and automotive parts & accessories (-21.0% vs -22.1%). On a monthly basis, retail sales declined by 2.7 percent in February, following a 4.3 percent fall in January. source: Bank Indonesia
Retail Sales YoY in Indonesia averaged 7.62 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 May of 2021.
Retail Sales YoY in Indonesia is expected to be 11.00 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 4.50 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.