No. 26/119/DKom
Respondents of the latest Retail Sales Survey conducted by Bank Indonesia predict increasing retail sales in May 2024, as reflected by 4.7% (yoy) growth in the Real Sales Index (RSI) to a level of 233.9. Retailers expect higher retail sales in May 2024 to stem from Clothing, Food Beverages and Tobacco, as well as Spare Parts and Accessories. On a monthly basis, however, respondents anticipate a 1.0% (mtm) retail sales contraction as public activity normalises after the recent Eid-ul-Fitr national religious holiday. Notwithstanding, a deeper monthly retail sales contraction was offset by growth recorded in several commodity groups, namely Spare Parts and Accessories as well as Automotive Fuel.
In April 2024, the RSI experienced a 2.7% (yoy) contraction to a level of 236.3. A deeper contraction was negated, however, by positive retail sales growth of Spare Parts and Accessories as well as Automotive Fuel. On a monthly basis, retail sales recorded 0.4% (mtm) growth, primarily driven by Information and Communication Equipment, Cultural and Recreational Goods, as well as Food, Beverages and Tobacco in line with a surge of public activity during the Eid-ul-Fitr national religious holiday.
In terms of prices, respondents predict a build-up of inflationary pressures in July and October 2024, as reflected by respective increases in the Price Expectations Index (PEI) for July and October 2024 to 142.5 and 142.0 from 140.1 and 134.5.
More information concerning the Retail Sales Survey is accessible via the official Bank Indonesia website.
Jakarta 11th June 2024
Communication Department
Erwin Haryono
Assistant Governor
