Annual Retail Sales Growth Slowed in April 2022

Economics & Macro

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Dzulfiqar Fathur Rahman 17/05/2022 14:30 WIB

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The Real Retail Sales Index (RRSI) or retail sales performance fell by 0.5% year-on-year (yoy) to 219.3 in April 2022.

Annual Growth of Real Sales Index by Category (April 2022)

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Annual Retail Sales Growth Slowed in April 2022

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Annual Growth of Real Sales Index by Category (April 2022)

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Bank Indonesia (BI) estimates that the year-on-year growth of retail sales slowed in April 2022, except for the information and communication equipment category.

This is reflected in the Real Sales Index (IPR) which contracted by 0.5% to 219.3 in April 2022 compared to the same period last year (year-on-year/yoy).

Although small, this contraction reversed the 9.3% (yoy) annual index growth recorded in March 2022.

"This was contributed to by the slowing sales of food, beverages and tobacco, motor vehicle fuel, spare parts and accessories, as well as the contraction in sales of other goods," explained BI representative Erwin Haryono in a press release on Thursday (12/5/2022).

The IPR for food is estimated to have grown by 2.2% (yoy) in April 2022, slowing from 15.7% (yoy) in March 2022. This slowdown occurred during Ramadan, when consumer demand usually increases.

For the information and communication equipment category, the IPR is estimated to have fallen by 14.8% (yoy) in April 2022. This contraction is smaller than the previous month's contraction of 18% (yoy).

Editor : Adi Ahdiat

"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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Annual Retail Sales Growth Slowed in April 2022

Annual Retail Sales Growth Slowed in April 2022

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Annual Retail Sales Growth Slowed in April 2022

Annual Retail Sales Growth Slowed in April 2022

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