Financial News: Indonesia Retail Sales Growth Improves

Indonesia Retail Sales Growth Improves

05/14/2025 - 06:50:00 (RTTNews)

(RTTNews) - Indonesia's retail sales expanded at the fastest pace in seven months in March, final data from the Bank Indonesia showed on Wednesday.

Retail sales rose 5.5 percent year-on-year in March, faster than the 2.0 percent rise a month ago.

The overall annual growth was mainly driven by increased sales of food, beverages, tobacco, cultural and recreational goods, and clothing.

On a monthly basis, sales growth accelerated to 13.6 percent in March from 3.3 percent in February as a seasonal spike in demand during the Ramadan and Eid-ul-Fitr festive period was bolstered by the various discount pricing strategies deployed by retailers.

Nonetheless, Bank Indonesia expects retail sales to fall 6.9 percent in April compared to the previous month as private demand normalizes after the Ramadan and Eid-ul-Fitr festive period.

Based on the flash estimate for April, sales show a 2.2 percent decline on an annual basis.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Pending Home Sales Unexpectedly Rebound In May (01 hr(s), 28 min(s), 57 sec(s) ago)
(RTTNews) - The National Association of Realtors released a report on Thursday showing an unexpect ...Full Story»

U.S. Economy Shrinks More Than Previously Estimated In Q1 (01 hr(s), 32 min(s), 57 sec(s) ago)
(RTTNews) - Revised data released by the Commerce Department on Thursday showed the U.S. economy s ...Full Story»

U.S. Durable Goods Orders Soar 16.4% In May, Much More Than Expected (01 hr(s), 55 min(s), 57 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods spiked by much more than expected in th ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Dip To 236,000 (02 hr(s), 22 min(s), 57 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S ...Full Story»

U.S. GDP Falls More Than Previously Estimated In Q1 (02 hr(s), 58 min(s), 57 sec(s) ago)
(RTTNews) - Revised data released by the Commerce Department on Thursday showed the U.S. economy s ...Full Story»

U.S. GDP Falls More Than Previously Estimated In Q1 (03 hr(s), 21 min(s), 57 sec(s) ago)
(RTTNews) - Revised data released by the Commerce Department on Thursday showed the U.S. economy b ...Full Story»

U.S. Durable Goods Orders Soar Much More Than Expected In May (03 hr(s), 26 min(s), 57 sec(s) ago)
(RTTNews) - New orders for U.S. manufactured durable goods spiked by much more than expected in th ...Full Story»

U.S. Weekly Jobless Claims Fall To 236,000 (03 hr(s), 30 min(s), 57 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Thursday showed first-time claims for U.S ...Full Story»