Illustration (Photo:Medcom.id/M Rizal)
Illustration (Photo:Medcom.id/M Rizal)

Retail Sales Growth Slows Down in September 2019: Central Bank

English indonesian economy (en)
Wahyu Dwi Anggoro • 06 November 2019 11:52
Jakarta: The Retail Sales Survey in September 2019 remained positive growth, despite slowing down, as confirmed by weaker Real Sales Index (RSI) growth from 1.1 percent (yoy) in August 2019 to 0.7% percent (yoy) in the reporting period.
 
"Steady retail sales grow positively supported by sales on Parts and Accessory Groups, as well as Other Household Equipment Groups," Bank Indonesia (BI) said in a written statement released on Wednesday, November 6, 2019.
 
In October 2019, retailers expected sales growth to regain momentum. It is indicative of the IPR of October 2019 which is projected to grow by 2.9 percent (YoY).

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he increase was driven by increased sales in Parts and Accessory Groups, Information Equipment Groups and Communications, as well as Food, Beverage and Tobacco Groups.
 
The survey also indicated that price increases in the retail merchant level in the next three months are likely to increase.
 
This is reflected in the upcoming 3-month Price Expectations Index (PEI) of 153.1, higher compared to IEH in the previous month at 140.0
 

(WAH)
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