Retail sales in Indonesia fell 19.2% in December

Bayanalysis - Indonesia's retail sales declined 19.2 percent year-on-year in December of 2020 according to Central Bank of Indonesia, and retail sales fell by 16.3 percent in November of the same year.

This is the thirteenth consecutive month of decline in retail trade in Indonesia, and the most severe since May 2020, amid the prolonged impact of the Covid-19 crisis, which prompted people to stay at home most of their time, in order to avoid infection with the virus.

Sales of information and communication equipment in Indonesia decreased further (-39.2% versus -36.3%, respectively, in November).

The prices of food, beverages and tobacco decreased (-10.3% versus -6.6%) and clothing (-59.7% versus -56.6%). In the same period of the aforementioned comparison.

Fuel sales continued to decline (-12.0% against -14.3%), household appliances (-25.0% against -26.3%), cultural and entertainment goods (-40.0% against -40.3%) and auto parts and accessories (-20.0% against - 21.6%). On a monthly basis for the same period December / November of last year.

While retail sales rose 4.8 percent in December month-on-month, the most since December 2019, up from 1.2 percent in November.

It is worth noting that the highest rate of retail sales growth in Indonesia was 40.3% in January 2021, while the highest rate of decline in retail sales was 23.9% in Indonesia, in April 2006.