Indonesia: Retail sales accelerate in February
Latest reading: Retail sales increased 6.9% on a year-on-year basis in February, following a 5.7% increase in the prior month. February’s reading was the strongest since March 2024.
Relative to the prior month’s figures, readings in February improved for food, beverages, and tobacco (+8.3% on a year-on-year basis vs +8.1% in January), motor vehicles, parts and accessories (+13.6% vs +7.4% in January), automotive fuels (-1.2% vs -5.3% in January) and information and communication equipment (-22.5% vs -27.1% in January). In contrast, the reading for cultural and recreation goods softened in February (+13.6% vs +15.9% in January).