Indonesian Retail Sales Down Last Month
In this article (4)
Indonesian retail sales grew by 10.1 percent in March following a 9.1 percent increase in February, according to central bank survey data.
The strong March performance was underpinned by sales of apparel along with automotive parts and accessories.
However, the bank’s survey predicted that Indonesian retail sales growth will rise by a more modest 5.7 percent in April, the same figure it projects for the full year.
Questions & Answers
Q.Which specific sectors contributed most to the strong retail sales growth observed in March?
Which specific sectors contributed most to the strong retail sales growth observed in March?
The notable growth in Indonesian retail sales for March was primarily supported by increased sales in two key areas: apparel, and automotive parts and accessories. These sectors were identified as the main drivers behind the month's performance.
Q.What was the retail sales growth percentage for Indonesia in February?
What was the retail sales growth percentage for Indonesia in February?
Indonesian retail sales saw an increase of 9.1 percent during February. This figure preceded the stronger growth recorded in March, as indicated by the central bank's survey data.
Q.What retail sales growth is projected for April and for the entire year?
What retail sales growth is projected for April and for the entire year?
The central bank's survey anticipates a more moderate retail sales growth of 5.7 percent for April. This identical figure is also projected for the full year, suggesting a consistent forecast.
Reader pulse
What's your outlook on Indonesian retail for April?
21,551 votes so far