Retail Sales Continue to Improve: BI Survey

    Wahyu Dwi Anggoro - 08 Oktober 2020 10:41 WIB
    Retail Sales Continue to Improve: BI Survey
    Illustration (Photo:Medcom.id/M Rizal)
    Jakarta: The latest Retail Sales Survey performed by Bank Indonesia (BI) continued to show improving retail sales performance across most commodity groups, as indicated by a shallower -9.2 percent (yoy) contraction of the Real Sales Index (RSI) in August 2020 compared with -12.3 percent (yoy) in July 2020. 

    "Retailers reported gains affecting most commodity groups, with Food, Beverages and Tobacco achieving positive growth in line with adaptation to the new normal era that has stimulated public activity," said BI Communication Depatrment head Onny Widjanarko in a media release on Thursday.

    Retailers expected the sales improvements to continue in September 2020, primarily supported by positive growth of Food, Beverages and Tobacco, predicting an increase in Real Sales Index (RSI) to -7.3 percent (yoy) from -9.2 percent (yoy) in August 2020. 

    Furthermore, respondents anticipated stronger retail sales performance for Food, Beverages and Tobacco along with improving sales of Automotive Fuel and Other Goods, including Clothing as well as Spare Parts and Accessories.

    In terms of prices, retailers predicted milder inflationary pressures in the next 3 months (November 2020) due to unhindered distribution before accumulating in the next 6 months (February 2021) during the national festive period, as confirmed by a decrease in the 3-month Price Expectations Index (PEI) to a level of 132.5 from 133.7 one month early and an increase in the 6-month PEI to 166.9 from 157.7. 

    (WAH)


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