Bank of Indonesia published its May 2025 Retail Sales Survey indicating that retailers expect sales to rise in May, with the Real Sales Index (RSI) projected to accelerate to 2.6% year on year to 234.0. Respondents also anticipated milder inflationary pressures over the next three and six months, reflected in lower Price Expectations Index (PEI) readings for July and October 2025. Cultural and Recreational Goods, Food, Beverages and Tobacco, and Clothing were identified as the main contributors to stronger expected May performance, while sales were still seen contracting 0.6% month on month, a smaller decline than in the prior period. For April 2025, the RSI was broadly stable at 235.5 versus 236.3 a year earlier, supported by Spare Parts and Accessories, Automotive Fuel, and Cultural and Recreational Goods, while sales fell 5.1% month on month as demand normalised after Ramadan and Eid-ul-Fitr; some groups were expected to benefit from seasonal demand linked to Vesak and the Ascension of Jesus Christ.
Bank of Indonesia 2025-06-13
Bank of Indonesia Retail Sales Survey forecasts faster May 2025 retail sales growth and lower price expectations
Bank of Indonesia's May 2025 Retail Sales Survey forecasts a 2.6% year-on-year increase in the Real Sales Index (RSI) to 234.0, with expectations of milder inflationary pressures. Key contributors to the anticipated sales growth include Cultural and Recreational Goods, Food, Beverages and Tobacco, and Clothing, despite a projected 0.6% month-on-month contraction. April 2025 saw a stable RSI at 235.5, with a 5.1% month-on-month sales decline as demand normalized post-Ramadan and Eid-ul-Fitr.