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.

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Indonesia Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-04-12 03:00 AM Feb 0.6% -0.6% -0.8%
2023-05-10 03:00 AM Mar 4.9% 0.6% 1.4%
2023-06-13 03:00 AM Apr 4.9% 5.0%


Related Last Previous Unit Reference
Consumer Confidence 126.10 123.30 points Apr 2023
Retail Sales MoM -3.40 -4.40 percent Feb 2023
Retail Sales YoY 4.90 0.60 percent Mar 2023
Consumer Credit 3066524.00 3027690.00 IDR Billion Mar 2023

Indonesia Retail Sales YoY
In Indonesia, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
Actual Previous Highest Lowest Dates Unit Frequency
4.90 0.60 40.30 -26.30 2006 - 2023 percent Monthly

News Stream
Indonesia Retail Trade Growth Strongest in 7 Months
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.
2023-05-10
Indonesia Retail Sales Rebound in February
Retail sales in Indonesia increased by 0.6 percent year-on-year in February 2023, bouncing back from January's first drop in 16 months of 0.6 percent, amid a recovery in consumption ahead of the holy month of Ramadan and the Eid celebration. The upturn was mainly supported by a pickup in sales of both foods (3.5% vs 1.5% in January) and clothing (16.6% vs 7.2%). Meantime, sales continued to fall for fuels (-9.8% vs -11.3%), home appliances (-6.8% vs -11.5%), automotive parts & accessories (-1.5% vs -10.8%), cultural & recreational goods (-2.2% vs -0.7%), and information & communication (-18.9% vs -4.1%). On a monthly basis, retail sales fell 3.4% in February, the second straight month of decline, following a 4.4% drop in January.
2023-04-12
Indonesia Retail Sales Drop for 1st Time in 16 Months
Retail sales in Indonesia fell by 0.6 percent year-on-year in January 2023, reversing a 0.7 percent growth a month earlier. This was the first decline in retail sales since September 2021, amid weak consumption from higher borrowing costs. Sales dropped for fuels (-11.3% vs -10.4% in December 2022), home appliances (-11.5% vs -10.2%), automotive parts & accessories (-10.8% vs -8.2%), cultural & recreational goods (-0.7% vs 8.2%), and information & communication (-4.1% vs 16.8%). Meanwhile, they continued to grow for both food, beverages, & tobacco (1.5% vs 0.5%) and clothing (7.2% vs 12.7%). On a monthly basis, retail sales shrank 4.4% in January, the first decrease in four months, after a 7.0% jump in December, which was the highest pace in eight months.
2023-03-09