Indonesia’s retail sales performance increased in April 2021, reflected in the Real Sales Index (RSI) from Bank Indonesia which was recorded at 220.4. This number grew compared to March which was at 187.9. Meanwhile, retail sales growth was boosted by the jump in demand during Ramadhan. The jump was experienced by almost all groups, mainly the foods, drinks, and tobacco groups which rose 22.4% MoM. The growth is even higher than the previous month which was at 7.4% MoM. Compared to RSI in April 2020 which was at 190.7, IPR in April this year increased by 15.6% YoY. We also see that retail sales may potentially increase again in May 2021, boosted by Ramadan and Eid Al-Fitr seasonal factors.
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