Fourth Quarter Retail Sales Expect Slower Growth

By : Herry Barus And Aldo Bella Putra | Wednesday, January 10 2018 - 22:30 IWST

Bank Indonesia
Bank Indonesia

INDUSTRY.co.id - Jakarta - Bank Indonesia through its survey estimates that retail sales in the fourth quarter of 2017 only grew 2.4 percent (year on year / yoy) or slowed compared to the same period of 2016 which was 9.5 percent (yoy).

Based on a survey of retail sales of 700 retailers as of November 2017, retail sales in the fourth quarter will be driven by sales of food, beverage and tobacco groups that grew 8.4 percent (yoy), as well as sales improvements clothing that rose 1.1 percent (yoy).

The average annual growth of the real sales index of the fourth quarter of 2017 is 2.4 percent (yoy), higher than the curve III 2017 of 0.2 percent (yoy), but lower than the fourth quarter of 2016 which is 9.5 percent yoy), writes BI.

However, according to the Central Bank, when compared to the third quarter of 2017, retail sales grew positively as in the previous quarter retail sales only rose 0.2 percent (yoy).

For example, sales of clothing in the IV quarter grew by 1.1 percent indicated a significant improvement as in the third quarter of 2017 it declined 2.6 percent (yoy). Sales of food, beverage and tobacco group which grew 8.4 percent (yoy) also showed improvement because in the third quarter it only grew 5.1 percent (yoy).

The Central Bank survey also predicted a decline in prices at the retailer level in February 2018.

The indications are reflected in the next three months or February 2018, which are 152.8 lower than 154.9 in January 2018.

Expectations of the decline in price pressures came as retailers suspect fuel price increases, LPG and electricity tariffs in January 2018.

News Comment

Today's Industry

Kepala BMKG Dwikorita Karnawati (Foto Dok Industry.co.id)

Minggu, 22 Juli 2018 - 22:30 WIB

Karhutla Potentially Rises in Some Areas

Jakarta - The Meteorology Climatology and Geophysics Agency (BMKG) predicts forest and land fires (karhutla) will potentially increase in some areas.

Kepala BMKG Dwikorita Karnawati (Foto Dok Industry.co.id)

Minggu, 22 Juli 2018 - 22:00 WIB

Extreme Waves Still Happening A Week Ahead

Jakarta - The Meteorology Climatology and Geophysics Agency (BMKG) predicts sea waves with an altitude of 2.5 meters to four meters or in extreme and dangerous categories will still occur within…

Minister of PUPR Basuki Hadimuljono (Foto Ist)

Minggu, 22 Juli 2018 - 22:00 WIB

Minister Basuki: Infrastructure Development to Improve Competitiveness

In the We The Youth event titled "Youth X Public Figure Vol 5: Connecting Indonesia" Public Works and Housing Minister Basuki Hadimuljono conveyed the development of infrastructure which is…

Superindo Express

Minggu, 22 Juli 2018 - 21:53 WIB

This Year, Super Indo Targets Retail Business Grows Two Digits

PT Lion Super Indo, the national supermarket chains set the growth of its double-digit retail business in 2018.

Menteri Perhubungan Budi Karya Sumadi

Minggu, 22 Juli 2018 - 21:30 WIB

Private Parties are Expected to Invest in the Train Transport Sector

Jakarta- Minister of Transportation Budi Karya Sumadi said the government invites private sector to jointly develop railway transportation as a much needed mass transportation in Indonesia.