Retail Sales Continue to Gain Momentum: BI

    Wahyu Dwi Anggoro - 10 June 2021 12:43 WIB
    Retail Sales Continue to Gain Momentum: BI
    Illustration (Photo:Medcom.id)



    Jakarta: The latest Retail Sales Survey conducted by Bank Indonesia (BI) indicated another period of stronger retail sales performance in April 2021, with the corresponding Real Sales Index (RSI) accelerating to 17.3% (mtm) and 15.6% (yoy) from 6.1% (mtm) and -14.6% (yoy) in the previous period. 

    Retailers confirmed that sales performance improved in response to a seasonal spike in demand during Ramadan, supported by various retail sales promotions (discounts). 

     



    "The main drivers of retail sales in the reporting period were Clothing; Food, Beverages and Tobacco; as well as Automotive Fuels," said BI Communication Department Head Erwin Haryono in a press release on Thursday.

    Given lasting seasonal demand during the Ramadan and Eid-ul-Fitr festive period, retailers expected to maintain positive sales performance in the month of May 2021, as indicated by RSI growth of 1.6% (mtm) and 12.9% (yoy), despite retreating compared with conditions one month earlier. 

    "Slower sales growth was primarily expected to impact Food, Beverages and Tobacco as well as Clothing," he stated.

    In terms of prices, retailers predicted a slight build-up of inflationary pressures in the next three months (July) before dispersing in the next six months (October). 

    Such dynamics were confirmed by modest bump in the 3-month Price Expectations Index (PEI) to 142.4 from 141.4, coupled with a decrease in the 6-month PEI to 134.0 from 134.9.

    "Influenced by orderly distribution and adequate supply," he concluded.

    (WAH)

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