Retail Sales Contract 4.5% as Public Demand Falls

Economics & Macro

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Vika Azkiya Dihni 12/04/2022 10:10 WIB

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Retail sales performance contracted month-on-month in February 2022. This is evident from the Real Sales Index (RSI) which stood at 200.0, a 4.5% decrease from 209.6 in January 2022.

Indonesia Real Sales Index (IPR) (Feb 2021-Feb 2022)

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Indonesia Real Sales Index (IPR) (Feb 2021-Feb 2022)

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Bank Indonesia (BI) reported a month-on-month contraction in retail sales in February 2022. This is evident in the Real Retail Sales Index (IPR), which stood at 200.0, a 4.5% decrease from 209.6 in January 2022 (month-to-month/m-to-m).

BI noted that this decline was influenced by decreased consumer demand, more limited supply, and unfavorable weather conditions.

The decline in sales occurred across most groups. The sharpest decrease was observed in the spare parts and accessories group, which fell by 10.6% (m-to-m). This was followed by cultural and recreational goods, down 5.2% (m-to-m), and motor vehicle fuel, down 2.4% (m-to-m).

Meanwhile, retail sales performance showed year-on-year growth. Compared to February 2021, retail sales in February 2022 grew by 12.9% (year-on-year/yoy).

Groups that recorded continued high growth include food, beverages, and tobacco, which grew by 21.3% (yoy), and motor vehicle fuel, which grew by 55.1% (yoy).

Conversely, some groups experienced declines, namely spare parts and accessories, down 5.3% (yoy), and other household goods, down 22.8% (yoy).

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."