Retail sales in Indonesia plunged by 19.2 percent year-on-year in December 2020, after slumping by 16.3 percent a month earlier. This marked the thirteen straight month of fall in retail trade, and the steepest pace since May, amid the prolonged impact caused by the COVID-19 crisis that made people to stay at home most of their time. Sales fell more for information & communication equipment (-39.2% vs -36.3% in November), food, beverages & tobacco dropped (-10.3% vs -6.6%), clothing (-59.7% vs -56.6%). Meantime, sales continued to decline for fuel (-12.0% vs -14.3%), home appliances (-25.0% vs -26.3%), cultural & recreational goods (-40.0% vs -40.3%) and automotive parts & accessories (-20.0% vs -21.6%). On a monthly basis, retail sales rose by 4.8 percent in December, the most since December 2019, rebounding from an 1.2 percent drop in November. source: Bank Indonesia
Retail Sales YoY in Indonesia averaged 7.89 percent from 2006 until 2020, 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 March of 2021.
Retail Sales YoY in Indonesia is expected to be 6.50 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 5.10 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.