Bank Indonesia latest Retail Sales Survey are expected to continue with slightly restrained growth retail sales in February 2022, as reflected by moderation of Real Sales Index (RSI) growth to 14.5% (yoy) from 15.2% (yoy) in January 2022, reaching a level of 202.8 in the reporting period.
Slower retail sales growth affected spare parts and accessories as well as food, beverages and tobacco. On a monthly basis, respondents anticipated 3.2% (mtm) retail sales contraction, with broad declines expected across the majority of commodity groups, including cultural and recreational goods, spare parts and accessories as well as automotive fuels, in line with lower public demand, limited supply and inclement weather conditions.