Bank of Indonesia has published its latest Retail Sales Survey, indicating that retailers expect sales to remain stable in April 2026, with a Real Sales Index (RSI) of 231.0 and continued annual growth in spare parts and accessories, other household equipment, and clothing. Retailers nonetheless expect a 10.0% month on month fall in April as private demand normalises after the Ramadan and Eid-ul-Fitr 1447 H festive period. March data showed the RSI at 256.7, with retail sales up 10.3% month on month versus 4.1% in February, supported by annual sales growth in spare parts and accessories, cultural and recreational goods, and food, beverages, and tobacco. The monthly increase was driven by all commodity groups, particularly cultural and recreational goods, food, beverages and tobacco, automotive fuel, and clothing. The survey also points to rising inflationary pressure over the next three and six months, with the Price Expectations Index for June and September 2026 increasing to 175.6 and 163.2 from 157.4 and 157.2 in May and August, linked to higher raw material prices.
Bank of Indonesia 2026-05-12
Bank of Indonesia reports March retail sales up 10.3% month on month and forecasts April RSI at 231.0 with higher price expectations
Bank of Indonesia’s latest Retail Sales Survey indicates retailers expect stable sales in April 2026, with a Real Sales Index of 231.0, despite a projected 10.0% month-on-month decline as private demand normalises after the Ramadan and Eid-ul-Fitr festive period. March data showed the Real Sales Index at 256.7, with retail sales up 10.3% month on month, driven by broad-based gains across commodity groups, while the survey also signals rising inflationary pressures over the next three and six months as the Price Expectations Index for June and September 2026 increases.