Bank of Indonesia published its September 2025 Retail Sales Survey, showing retailers expect annual retail sales growth to accelerate, with the Real Sales Index (RSI) projected to rise 5.8% year on year in September from 3.5% in August. On a monthly basis, respondents forecast a 0.3% contraction in September, mainly driven by weaker clothing sales. The faster year-on-year growth expectation for September was attributed primarily to Food, Beverages and Tobacco, Other Household Equipment, and Cultural and Recreational Goods. For August 2025, the RSI recorded 3.5% year-on-year growth, supported mainly by clothing, while monthly retail sales grew 0.6% after a 4.1% contraction in July, consistent with maintained demand around Indonesia’s Independence Day period. Price expectations were broadly stable, with the Price Expectations Index (PEI) for November 2025 and February 2026 at 134.6 and 169.2, compared with 134.8 and 169.3 previously.
Bank of Indonesia 2025-10-09
Bank of Indonesia’s Retail Sales Survey points to September 2025 RSI growth accelerating to 5.8% year on year
Bank of Indonesia's September 2025 Retail Sales Survey indicates an expected acceleration in annual retail sales growth, with the Real Sales Index projected to rise 5.8% year-on-year, up from 3.5% in August. Monthly sales are forecasted to contract by 0.3% in September, primarily due to weaker clothing sales. Price expectations remain stable, with the Price Expectations Index for November 2025 and February 2026 at 134.6 and 169.2, respectively.