Retail sales in Indonesia surged by 4.9 percent year-on-year in March 2023, accelerating from a 0.6 percent gain in the previous month. It was the second straight month of increase in retail sales and the strongest growth since last August, amid strength in consumption ahead of the holy month of Ramadan and the Eid celebration. The upturn was mainly supported by a pickup in sales of foods (9.4% vs 3.5% in February), clothing (17.3% vs 16.6%), and a rebound in sales of cultural & recreational goods (1.1% vs -2.2%). Meantime, sales continued to drop for fuels (-12.5% vs -9.8%), home appliances (-9.0% vs -6.8), automotive parts & accessories (-9.5% vs -1.5%), and information & communication (-18.4% vs -18.9%). On a monthly basis, retail sales jumped by 7.0% in March, the first monthly increase in three months, recovering from a 3.4% fall in February. source: Bank Indonesia
Retail Sales YoY in Indonesia averaged 7.28 percent from 2006 until 2023, 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 June of 2023.
Retail Sales YoY in Indonesia is expected to be 3.10 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 and 2.80 percent in 2025, according to our econometric models.