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Based on the latest Retail Sales Survey conducted by Bank
Indonesia, retail sales achieved further improvements in November 2020 with a
shallower -1.2% (mtm) contraction recorded in the Real Sales Index (RSI)
compared with -5.3% (mtm) in October 2020.
Most commodity groups recorded gains in the reporting period, with
Clothing, Automotive Fuels as well as Spare Parts and Accessories posting
positive sales performance. Annually,
retail sales in November 2020 retreated -16.3% (yoy), deteriorating slightly
from -14.9% (yoy) one month earlier, primarily held back by Information and
Communication Equipment as well as Other Household Equipment.
In December 2020, respondents predicted a further uptick of
monthly retail sales, with the RSI moving to positive 2.9% (mtm) on the back of
increasing demand during the Christmas and New Year festive period. Retailers
expected positive growth across all commodity groups, particularly Information
and Communication Equipment as well as Other Household Equipment. Annually,
respondents predicted retail sales in December 2020 to remain in a
contractionary phase at -20.7% (yoy).
In terms of prices, respondents predicted a build-up of
inflationary pressures in the next three months (February 2021) due to
religious celebrations and distribution disruptions caused by inclement weather
before dissipating in the next six months (May 2021) in line with maintained
supply and distribution during the Ramadan and Eid-ul-Fitr period. This was confirmed by an increase in the
3-month Price Expectations Index (PEI) to 150.4 from 139.8 and a decline in the
6-month PEI to 161.7 from 163.9.
Head of Communication DepartmentErwin HaryonoExecutive DirectorInformation on Bank IndonesiaTel. 021 - 131, e-mail: email@example.com
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