Ramadan Boost Spurs 7.7% Growth in Retail Sales Index in May 2019
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Bank Indonesia (BI) recorded positive growth in retail sales, reflected in the Real Retail Sales Index (IPR) which grew 7.7% in May 2019 to 249.8 points compared to the same period the previous year. The increase in IPR was driven by increased demand during Ramadan and ahead of the Idul Fitri celebrations.
The groups that drove the year-on-year increase in IPR were textiles (43.9%), spare parts and accessories (25.4%), and food, beverages, and tobacco (6.4%).
The IPR in June 2019 is projected to grow positively by 2.2% (yoy), lower than the increase in May 2019. This is due to consumer demand returning to normal after Ramadan.
"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."
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