Retail Sales in Indonesia increased 2.9 percent year-on-year in October 2018, down from a 4.8 percent rise in the previous month. It is the slowest increase in retail trade since July, driven by softer growth in sales of food, beverages & tobacco and a decline in sales of information and communication equipment. Retail Sales YoY in Indonesia averaged 11.11 percent from 2006 until 2018, 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.
Retail Sales YoY in Indonesia is expected to be 4.30 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 2.80 in 12 months time. In the long-term, the Indonesia Retail Sales YoY is projected to trend around 5.10 percent in 2020, according to our econometric models.