STORES | Staff Reporter, Indonesia

Indonesia's retail sales decline eases to 9.2% in August

Sales of food, beverages, and tobacco climbed following growth in public activity.

Indonesia's retail sales fell 9.2% YoY in August, narrowing from the 12.3% drop in July 2020, according to data from the central bank.

Amongst commodity groups, food, beverages and tobacco saw the biggest and sole positive growth of 2.7%, attributed to the adaptation to the new normal era that has stimulated public activity. Most commodities saw narrower declines in sales.

Retailers projected the sales decline to further narrow to 7.3% in September, primarily supported by positive growth of food, beverages, and tobacco. They are particularly expecting stronger retail sales performance for the commodity group, along with improving sales of automotive fuel and other goods.

In terms of prices, retailers predicted milder inflationary pressures in the next three months up to November due to unhindered distribution before accumulating in the next six months during the national festive period.

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