Retail sales fell 13.3% year on year in July (June: -11.2% yoy). Looking at the details of the release, the...
Retail Sales in Indonesia
The Indonesian economy recorded an average growth rate of 5.6% in retail sales in the decade leading to 2022, below the 8.2% average for the Asia-Pacific region. In 2022, retail sales growth in Indonesia was 6.0%.
Indonesia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Indonesia from 2016 to 2015.
Source: Macrobond.
Indonesia Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 3.8 | -11.9 | 0.0 | 6.0 | 1.5 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indonesian retail projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Indonesian retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian retail projections.
Want to get access to the full dataset of Indonesian retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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Indonesia: Retail sales growth rises in July Retail sales grew 4.3% compared to the same month of the previous year in July, which was above June’s 2.7%...