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Retail sales see solid start in 2022
The retail sales index (RSI) improved 16 percent year-on-year (yoy) to 211.0 in January.
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Storekeepers arrange secondhand clothes at Pasar Senen in Jakarta on Jan. 25, 2018. Demand for clothing helped push retail sales higher in January 2022. (JP/Dhoni Setiawan)
Bank Indonesia (BI) reported on Monday that retail sales got off to a solid start in 2022 as economic activity picked up.
The retail sales index (RSI) improved 16 percent year-on-year (yoy) to 211 in January following higher demand across the board, according to BI’s monthly survey.
“This was driven by improved retail sales in all categories, especially in vehicle fuels, and there was sustained high growth in the clothing subcategory,” said BI communications executive director Erwin Haryono in a statement.
Public mobility restrictions (PPKM) in Java and Bali were looser in January of this year than during the same month last year. Last year's restrictions caused Indonesia's GDP to decline 0.74 percent in the first quarter of 2021.
Read also: Case spike leads to curbs in Java, Bali
BI data also show that the RSI contracted 2.4 percent in January from the preceding month, as the holiday season passed. The month-on-month decline in sales was driven by lower demand for clothing, food, beverages and tobacco, as well as information technology devices.
“This is in line with the seasonal normalization of demand following the Christmas and New Year holidays,” said BI.
