Indonesia Jan retail sales grow 12.5% year on year
In this article (5)
Indonesia’s retail sales in January grew 12.5 per cent from a year earlier, bolstered by information and telecommunication equipment especially electronics, a Bank Indonesia survey showed on Friday.
December annual retail sales growth was revised up to 11.4 per cent from the previously reported 10.4 per cent.
The survey of 700 retailers in 10 major cities predicted slower February retail sales growth of 11.9 per cent.
Respondents were optimistic over retail sales in the next three months in line with higher demands ahead of and during the Muslim fasting month in June.
Questions & Answers
Q.What contributed most significantly to the growth in Indonesia's retail sales in January?
What contributed most significantly to the growth in Indonesia's retail sales in January?
The growth in retail sales was primarily bolstered by increased sales of information and telecommunication equipment, especially electronics. This helped drive the overall 12.5% year-on-year increase for January.
Q.How did December's retail sales growth compare to the initial report?
How did December's retail sales growth compare to the initial report?
December's annual retail sales growth was revised upwards to 11.4 per cent. This was higher than the 10.4 per cent figure that had been reported previously.
Q.What is the prediction for retail sales growth in February?
What is the prediction for retail sales growth in February?
The survey predicts a slower retail sales growth of 11.9 per cent for February. This suggests a slight decrease in the rate of expansion compared to January.
Q.Why are retailers optimistic about sales over the next three months?
Why are retailers optimistic about sales over the next three months?
Retailers are optimistic due to anticipated higher demand ahead of and during the Muslim fasting month in June. This seasonal event is expected to boost consumer spending.
Reader pulse
What's driving this growth?
16,321 votes so far