Indonesia - Retail Sales

Indonesia: Retail Sales

Mnemonic	WRT.IIDN
Unit	Index 2010=100, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	0.44 %
Data	Nov 2020	182.66
	Oct 2020	183.47

Series Information

Source	Bank Indonesia
Release	Retail Sales Survey
Frequency	Monthly
Start Date	6/30/2003
End Date	11/30/2020

Indonesia: Consumer

	Reference	Last	Previous	Units	Frequency
Consumer Confidence	Dec 2020	96.5	92.03	Weighted Index, NSA	Monthly
Real Retail Sales	Nov 2020	182.66	183.47	Index 2010=100, NSA	Monthly
Retail Sales	Nov 2020	182.66	183.47	Index 2010=100, NSA	Monthly

Release Information

Description

The retail sales survey is a monthly survey seeking information on retail sentiments by type, region and industry sector. Its main purpose is to obtain prior information about the moving trend of Gross Domestic Product by Private Consumption. The survey involves approximately 270 respondents from 5 regions; namely 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).

Methodology

Respondents are paneled and classified into 9 industry sectors based on The Indonesian Classification by Sectors (KLUI) 1997. The survey encompasses 3 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.

Revision

The data are provisional when first released and are subject to ongoing revision until they are made final no later than 12 months after the end of the reference month.