September Indonesia retail sales edge up 0.7 per cent
In this article (4)
September Indonesia retail sales rose 0.7 percent year on year.
Real Sales Index of Bank Indonesia showed that the country’s retail sales maintained positive growth despite falling 1.1 percent in August. Most of the growth was driven by sales of automotive spare parts and accessories and household equipment.
Sales in October are anticipated to grow by 2.9 percent as sales in automotive spare parts and accessories, information equipment and communications, and food, beverage and tobacco groups are projected to continue the momentum.
Questions & Answers
Q.What was the year-on-year change in Indonesia's retail sales for September?
What was the year-on-year change in Indonesia's retail sales for September?
Indonesia's retail sales increased by 0.7 per cent in September compared to the previous year. This positive growth was recorded by the Real Sales Index of Bank Indonesia, continuing a trend despite a dip in August.
Q.Which product categories were primarily responsible for the September sales growth?
Which product categories were primarily responsible for the September sales growth?
The main drivers of the positive growth in September were sales of automotive spare parts and accessories, along with household equipment. These categories significantly contributed to the overall increase in retail sales.
Q.What is the sales growth forecast for October, and which categories are expected to contribute?
What is the sales growth forecast for October, and which categories are expected to contribute?
Sales in October are projected to grow by 2.9 per cent. This momentum is expected to be maintained by strong sales in automotive spare parts and accessories, information equipment and communications, and the food, beverage and tobacco groups.
Reader pulse
Are Indonesia's retail sales trends positive?
15,892 votes so far