Retail Sales Performance Improves for Two Consecutive Months

Economics & Macro

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Dwi Hadya Jayani 11/06/2021 13:30 WIB

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The Real Sales Index (RSI) in April 2021, at 220.4, increased from the previous month's figure of 187.9. The RSI grew by 17.3% month-on-month (m/m) and 15.6% year-on-year (y/y).

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Retail Sales Performance Improves for Two Consecutive Months

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Real Sales Index (RSI)

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Retail sales performance has improved for two consecutive months. This is reflected in the Real Retail Sales Index (IPR) in April 2021, which reached 220.4, up from 187.9 the previous month.

The IPR grew by 17.3% month-to-month (mtm) and 15.6% year-on-year (yoy). This growth is higher than in March 2021, which was 6.1% mtm and -14.6% yoy.

The improvement in retail sales performance was driven by increased demand during Ramadan, supported by various discounts. Sales increases occurred in the majority of commodities, especially the clothing sub-group; the food, beverage, and tobacco group; and the motor vehicle fuel group.

Retail sales performance is expected to further improve to 223.9 in May 2021. However, this figure is expected to grow only by 1.6% mtm and 12.9% yoy, slower than the previous month.

This is due to the seasonal demand pattern after Eid al-Fitr, which is not as high as during Ramadan.

Editor : Dimas Jarot Bayu

"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."