Indonesia - Real Retail Sales





Indonesia: Real Retail Sales

Mnemonic WRT$.IIDN
Unit Vol. Index 2010=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 3.1 %
Data Oct 2022 204.28
Sep 2022 198.14

Series Information

Source Bank Indonesia
Release Retail Sales Survey
Frequency Monthly
Start Date 6/30/2003
End Date 10/31/2022

Indonesia: Consumer

Reference Last Previous Units Frequency
Consumer Confidence Oct 2022 120.3 117.2 Weighted Index, NSA Monthly
Real Retail Sales Oct 2022 204.28 198.14 Vol. Index 2010=100, NSA Monthly
Retail Sales Sep 2022 199.96 201.82 Index 2010=100, NSA Monthly

Release Information

For Indonesia, the Retail Sales Survey is a monthly survey seeking information on retail activity by type, region and industry sector, plus consumer sentiment. Its main purpose is to obtain prior information about the moving trend of Gross Domestic Product by Private Consumption.

  • Real retail sales index ("RSI") by commodity group and city
  • Annual percent growth ("yoy") in real retail sales
  • Expectations of price ("PEI"), sales and interest rates over the next three and six months

For sales, Data Buffet banks two sets of series: preliminary plus final (i.e., subject to revision) and finalized only.

Active:

  • Classification: KBLI 2009
  • Measurements:
    • Fixed-base index relative to 2010 (Index 2010=100)
    • Year-over-year percent change (% Y/Y)
    • Sentiment index where >100 represents optimism
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start dates:
    • As early as 2003m1
    • Final results, uniformly from 2012m1
  • Geo coverage:
    • Country
    • National capital area (IIDN_JR)
    • 7 metro areas (IIDN_M^^^)
    • 1 combined area (IIDN_SEPU)
  • All concept-geo pairs exist: No

Predecessors:

  • Real RSI 2000=100 - 2003m6 to 2011m12 ("00")
  • Real retail sales growth - 2006m8 to 2011m12 ("00")

As of July 2022

The Retail Sales Survey was first conducted in September 1999. In January 2015 it involved 700 retailers using purposive sampling in 10 cities (Jakarta, Semarang, Bandung, Surabaya, Medan, Purwokerto, Makassar, Manado, Bajarmasin, Denpasar). Respnodents are grouped according to seven industrial classification (KBLI 2009) categories. The index is calculated using commodity weights (based on the Input-Output table) and city weights (based on the share of household consumption in Gross Regional Deomestic Product) relative to GDP. General price projections are calculated using the balanced score method (net balance + 100) using city weights (based on the Cost of Living Survey, SBH).

Old

The survey involves approximately 270 respondents from five regions, viz., Jakarta, Bandung, Semarang, Surabaya and Medan. The correlation between the survey and GDP from private consumption is 0.71 (based on correlation tests in 2001-2008).

Respondents are paneled and classified into nine industry sectors based on the Indonesian Classification by Sectors (KLUI) 1997. The survey encompasses three types of price expectations including the general price, loan interest rates and sales expectations. The price and loan interest rates expectations are calculated by the balance score method (net balance + 100) where an index of more than 100 represents optimism. All results are presented in real index terms.

Moody's Analytics supplements

For the real RSI general index (preliminary with revisions), we produce a seasonally adjusted counterpart.

The data are provisional (preliminary) when initially released and are finalized next month. Data Buffet carries separate "preliminary with revisions" and "final only" subsets.

Further reading

At the source:

The Retail Sales Survey does not have a theme-page on the BI site; rather, individual monthly reports are published, in both native Indonesian and in English.