Indonesia: Growth in retail sales moderates in October
The expansion was below the revised 10.6% increase observed in the previous month (previously reported: +6.6% year-on-year).
According to the Bank, October’s deceleration was driven partly by slower growth in sales of food, beverages and tobacco.
Annual average growth in retail sales inched down from September’s 11.1% to 11.0% in October. According to the survey, retailers expect sales to rise to a 7.9% annual increase in November.
FocusEconomics Consensus Forecast participants see private consumption rising 5.1% in 2017, which is unchanged from last month’s forecast. For 2018, panelists see growth in private consumption at 5.3%. ■