Michelle Natalia
IDXChannel - Respondents of the latest Retail Sales Survey conducted by Bank Indonesia (BI) predict retail sales to increase in November 2023, as reflected by 2.9% (yoy) growth in the Real Sales Index (RSI) to a level of 209.4.
Retailers expect Other Household Equipment, Clothing as well as Food, Beverages, and Tobacco to drive retail sales in the reporting period.
On a monthly basis, respondents forecast retail sales growth of 0.9% (mtm) due to stronger sales of Other Household Equipment as well as Spare Parts and Accessories.
Meanwhile, respondents anticipate positive yet moderating monthly retail sales growth of Information and Communication Equipment as well as Food, Beverages, and Tobacco in line with less conducive weather conditions.
"In October 2023, the RSI was recorded at a level of 207.5, with annual growth of 2.4% (yoy) driven by stronger retail sales of Other Household Equipment as well as Food, Beverages and Tobacco," BI Communication Department Executive Director Erwin Haryono said in a media release on Monday (11/12/2023).
