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View all search resultsRetail sales, consumer confidence tick up during school holiday
Retail sales and consumer confidence saw slight improvements in June according to preliminary RSI data, which attributed the uptick to "seasonal factors” including Idul Adha and the school holiday.
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A woman browses dairy products on July 5, 2024, at a supermarket in South Tangerang, Banten. (Antara/Sulthony Hasanuddin)
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conomic gauges for retail sales and consumer confidence marked slight improvements in June, thanks in part to a boost from the midyear school holiday.
According to preliminary data from Bank Indonesia (BI) published on Wednesday, the retail sales index (RSI) for June is expected to inch up to 233.7 points in a 2 percent year-on-year (yoy) increase from 229 points in June 2024.
On a monthly basis, the reading marks a marginal 0.5 percent rise from 233.4 points recorded in May.
The RSI report attributed the improvement to “seasonal factors”, namely the midyear school holiday, Idul Adha and mid-season sales.
Sales of vehicle fuel are expected to see the strongest annual growth in June with 12.5 percent. Sales growth of car and motorcycle spare parts and accessories as well as food, beverage and tobacco are projected to touch just 1.8 and 3.1 percent yoy, respectively.
Read also: Retail sales barely grow despite Idul Fitri boost
Another category of goods that is projected to see positive sales growth is clothing, with around 3.7 percent yoy.
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