No.23/259/DKom
The latest
Retail Sales Survey performed by Bank Indonesia pointed to improving retail
sales performance in August 2021. Furthermore, retailers also predicted further
incremental sales gains in September 2021, as reflected by a shallower -1.8%
(yoy) annual contraction of the Real Sales Index (RSI) to a level of 190.3
compared with -2.1 % (yoy) the month earlier. Most commodity groups posted
improvements, primarily driven by increasing sales of Automotive Fuel in
response to greater public activity.
Meanwhile, the
RSI in August 2021 reaching 192.5 or 2.1% (mtm), expand from the previous -5.0%
(mtm) contraction recorded in July 2021. Monthly growth was primarily driven by
Spare Parts and Accessories, Clothing and Automotive Fuel. According to the
survey respondents, retail sales were boosted by growing demand after the
Government relaxed mobility restrictions in several regions. Annually, retail
sales contracted -2.1% (yoy) in August 2021 compared to -2.9% (yoy) one month
earlier, with Spare Parts and Accessories cited as the main contributors.
In September
2021, retailers predicted monthly RSI growth to slump into a -1.1% (mtm) contraction
after expanding 2.1% (yoy) in August 2021, with Spare Parts and Accessories as
well as Food, Beverages and Tobacco expected as the main drag on growth.
In terms of
prices, retailers predicted a build-up of inflationary pressures in November
2021 and February 2022, again blaming higher prices of raw materials for the
last two consecutive months (July – August). The Price Expectations Index (PEI)
for November 2021 and February 2022 increased to 124.8 and 138.7 respectively
from 123.0 and 134.2.
Jakarta, 11st October 2021
Head
of Communication Department Group
Muhamad
Nur
Director
Information about Bank Indonesia
Tel. 021-131, Email: bicara@bi.go.id
