No. 24/122/DKom
Respondents of the latest Retail Sales Survey conducted by Bank Indonesia predict solid annual retail sales to persist in April 2023, as reflected by positive 1.0% (yoy) growth of the Real Sales Index (RSI) to a level of 241.6. Robust retail sales performance is primarily driven by increasing retail sales of Cultural and Recreational Goods, coupled with improving retail sales of Other Household Equipment, Automotive Fuel as well as Spare Parts and Accessories. On a monthly basis, retail sales growth accelerated to 12.2% (mtm) in the reporting period from 7.0% (mtm) the month earlier. Respondents confirmed broad-based retail sales growth across most commodity groups, particularly Information and Communication Equipment, Clothing as well as Food, Beverages and Tobacco, in line with the Ramadan and Eid-ul-Fitr 1444 H festive period, retail discount programs and uninterrupted distribution that boosted domestic demand.
In March 2023, the Real Sales Index (RSI) stood at 215.3, with annual growth accelerating to 4.9% (yoy) from 0.6% (yoy) in the previous period. Gains were recorded across several commodity groups, led by Food, Beverages and Tobacco, Cultural and Recreational Goods as well as Clothing. On a monthly basis, respondents reported positive 7.0% (mtm) retail sales growth in March 2023, with increasing/improving performance across all commodity groups, dominated by Cultural and Recreational Goods, Food, Beverages and Tobacco as well as Spare Parts and Accessories on the back of increasing domestic demand.
In terms of prices, respondents anticipate milder inflationary pressures in June and September 2023 in line with adequate supply availability, as indicated by respective declines in the 3 and 6-month Price Expectations Index (PEI) for June and September 2023 to 124.5 and 121.5 from 130.3 and 128.1 in the previous period.
More information concerning the Retail Sales Survey is accessible via the official Bank Indonesia website.
Jakarta, 10th May 2023
Communication Department
Erwin Haryono
Executive Director
Information on Bank Indonesia
Tel. 021-131, email: bicara@bi.go.id
