Indonesian retail sales expected to improve in November
Automotive fuel, spare parts, accessories, and clothing are expected to drive this increase.
Retail sales in Indonesia are expected to rebound in November, with a 1.7% year-on-year growth in the real sales index, reaching 211.5, according to Bank Indonesia's latest Retail Sales Survey.
Automotive fuel, spare parts, accessories, and clothing are expected to drive this increase. On a monthly basis, retail sales are forecast to grow by 0.4%, reversing a 0.01% contraction in October.
In October, retail sales growth slowed to 1.5% YoY, down from 4.8% in September, with the RSI reaching 210.6. Higher sales of spare parts, automotive fuels, and clothing supported the performance.
Monthly sales also saw a slight 0.01% decline, improving from a 2.5% drop in September, with gains in household equipment, spare parts, fuels, and food and beverages.
Meanwhile, the price expectations index indicates higher inflation in January 2025, rising to 157.8 from 152.6 due to expected heavy rainfall.
By April 2025, inflationary pressures are predicted to ease, with the PEI dropping to 165.4 from 169.4, reflecting demand normalisation after Eid-al-Fitr.