Retail Sales Index Falls Again in November 2020

Dimas Jarot Bayu 12/01/2021 15:11 WIB

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The real sales index (RSI) decreased from 183.5 in October 2020 to 181.3 in November 2020.

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Bank Indonesia (BI) recorded a decrease in the real retail sales index (IPR) from 183.5 in October 2020 to 181.3 in November 2020. However, month-on-month (mtm) growth in real retail sales in November 2020 was better than in October 2020, although it remained in a contraction phase.

Real retail sales growth in November 2020 was -1.2% (mtm). This figure is smaller than the contraction in October 2020, which was -5.3% (mtm).

This improvement occurred in most commodity groups, especially textiles and spare parts and accessories. The textile group recorded positive growth of 6.4% (mtm). Meanwhile, the spare parts and accessories group grew by 2% (mtm).

BI estimates that month-on-month retail sales performance will increase in December 2020, namely by 2.9% (mtm). This is driven by increased consumer demand during the Christmas and New Year 2021 period.

Editor : Muhammad Ahsan Ridhoi

"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."