Retail sales in July are projected to grow after nine months of sluggish performance, driven by increased commerce in certain goods. According to preliminary data published by Bank Indonesia (BI) on Monday, the retail sales index (RSI) for July is estimated to have inched up to 222.5, marking a solid 4.8 percent year-on-year (yoy) increase from 212.4 in March of last year. BI spokesperson Ramdan Denny Prakoso said in a press statement released alongside the data that the annual growth “chiefly originated from” sales of spare parts and accessories as well as food, beverages and tobacco. Sales of information and communication devices continued to weigh on overall growth, posting more double-digit contraction since March, including 17.1 percent in July. In contrast, sales of vehicle fuel recorded a robust 13 percent yoy growth in July, followed by spare parts and accessories (7.5 percent) and food, beverages and tobacco (6 percent), as well as culture and recreation (1.4 percent). Statistics Indonesia (BPS) announced on Aug. 5 that gross domestic product (GDP) grew 5.12 percent yoy in the second quarter of 2025, beating the 4.8 percent market consensus. Household spending, which accounts for the lion’s share of GDP, was up 4.97 percent yoy in the second quarter, marginally higher than 4.95 percent logged in the first quarter of this year. The boost was partly due to a consumer stimulus package rolled out in the second quarter to increase spending during the school holiday, including discounted transportation fees.Source: https://www.thejakartapost.com/business/2025/08/11/retail-sales-spring-back-in-july-after-a-nine-month-lull.html (ICE GIACARTA)

Fonte notizia: The Jakarta Post, 11/08/2025