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Sales of Five Food Producer Issuers Q1-Q2 2017
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The decline in public purchasing power is not merely a figment of imagination. Data shows that sales of five food producers in the second quarter of 2017 fell by 6.83 percent compared to the previous quarter. These five emiten are Indofood CBP (ICBP), Mayora Indah (MYOR), Ultrajaya Milk (ULTJ), Nippon Indosari (ROTI), and Siantar Top (STTP).
Based on Bloomberg data, these five food producers experienced a sales decline of Rp 1.16 trillion, falling to Rp 15.76 trillion from Rp 16.92 trillion in the previous quarter. MYOR experienced the steepest sales decline, at 11.4 percent to Rp 4.41 trillion, followed by STTP with a 9.41 percent decrease to Rp 633.16 billion, and ICBP at 4.82 percent to Rp 9 trillion. ULTJ also fell by 3.81 percent to Rp 1.14 trillion, and Sari Roti, the bread producer, shrank by 3.53 percent to Rp 581.2 billion.
Although sales at the producer level decreased, sales at the retail level still recorded growth. Sales of retail/modern market emiten in the second quarter of this year still showed an increase. (Read Databoks: Is Public Purchasing Power Really Decreasing??)
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but please note that automated translations may contain errors or slight inconsistencies."