Retail sales in Indonesia plunged 20.6 percent year-on-year in May 2020, after a 16.9 percent fall a month earlier. This marked the sixth straight month of drop in retail trade and the steepest since October 2008, amid deteriorating consumption as people were forced to stay at home on the back of public health measures to contain the spread of coronavirus. Sales decreased at faster paces for all categories: clothing (-74 percent vs -70.9 percent in April), information & communication equipment (-19.7 percent vs -17.5 percent), cultural & recreational goods (-53.7 percent vs -48.5 percent), fuel (-45.4 percent vs -39 percent), automotive parts & accessories (-46.9 percent vs -30.8 percent), home appliances (-21.9 percent vs -20.8 percent), and food, beverages & tobacco (- 9.7 percent vs -.7 percent). On a monthly basis, retail sales rose by 4 percent in May, after a 13.3 percent slump in April.
Retail Sales YoY in Indonesia averaged 8.95 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 August of 2020. source: Bank Indonesia
Retail Sales YoY in Indonesia is expected to be 5.00 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 13.50 in 12 months time. In the long-term, the Indonesia Retail Sales YoY is projected to trend around 5.10 percent in 2021, according to our econometric models.