Retail Sales Plunge in January 2021

Economics & Macro

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Dimas Jarot Bayu 09/03/2021 13:58 WIB

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Retail sales performance plummeted in January 2021. This is reflected in the January 2021 Real Retail Sales Index (IPR) of 182, a 4.3% decrease compared to December 2020.

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Retail Sales Plunge in January 2021

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Bank Indonesia (BI) recorded a slump in retail sales performance in January 2021. This is reflected in the January 2021 Real Retail Sales Index (IPR) of 182, down 4.3% compared to December 2020.

The decline occurred across all commodity groups, primarily motor vehicle fuel (-10.4%), other household goods (-6.9%), and the clothing sub-group (-7.2%). This condition was due to decreased public demand amidst the Community Activity Restrictions (PPKM) in Java and Bali, weather factors, and natural disasters in several regions.

"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."