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View all search resultsRetail sales, consumer confidence up as year-end holidays near
While preliminary BI data indicates consumers' growing confidence in the economy, an economist has pointed out a decline in the ratio of consumption to income suggested cautious optimism.
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Visitors view creative industry products at the Sunda Karsa Fest event at Trans Studio Mall, Bandung, West Java, on July 17, 2025. (Antara Foto/Novrian Arbi)
R
etail sales picked up last month as households geared up for the Christmas and New Year holiday season, while consumers grew more upbeat about the economy after months of waning optimism.
According to preliminary data from Bank Indonesia (BI) published on Tuesday, the Retail Sales Index (RSI) is projected to climb to 219.7 in October, marking a solid 4.3 percent year-on-year (yoy) increase from 210.6 in October 2024.
In a statement released alongside the data, BI spokesperson Ramdan Denny Prakoso said the annual growth “primarily stemmed from increasing sales of spare parts and accessories, food, beverages and tobacco, cultural and recreational goods as well as other household equipment”.
Notably, robust growth was also recorded a month earlier in September when the RSI stood at 218.3, up 3.7 percent from the same period last year. However, that figure also represented a 2.4 percent month-to-month contraction from 223.6 in August.
Sales in three product categories remained in negative territory in October, with information and communication technology (ICT) products showing the steepest decline, plunging 33 percent yoy.
ICT product sales have continued to weigh on overall growth, consistently recording double-digit contractions since March.
In contrast, sales of spare parts and accessories grew 11.4 percent yoy in October, maintaining a strong pace since July. Sales of food, beverages and tobacco as well as vehicle fuel also continued to post positive growth for several consecutive months.
